According to data collected by Arkham Intelligence, Alameda Research liquidators, although they are supposed to collect available funds, are themselves liquidating within Decentralized Finance (DeFi). On the night from Friday to Saturday alone, the latter would have lost more than $1 million by liquidating a total of jobs equivalent to 731 ether (ETH).
filter liquidators
Alameda Research Liquidator It is, by definition, responsible for raising the funds available to the company in the course of its bankruptcy in order to compensate its various creditors. Alameda Research, and let’s remember, The sister company of FTX itself is bankrupt Since the beginning of last November.
But Alameda Research, an investment firm, He still has open positions within DeFi (DeFi) in bulk. Thus, the liquidators of Alameda Research desired the refund of the deposited funds under various protocols, but it was not clear how they were likely to wish.
As Arkham Intelligence reported, liquidators got their hands dirty, for example, trying to close out a position on the Aave protocol. The latter pulled everything they had sideways on a loan, Resulting in the liquidation of 4 wrapped bitcoins (wBTC), or more than $80,000 at the current price.
Arkham also explains that the liquidators have attempted large deals on multiple occasions without success, including an attempt to withdraw $1.75 million in LDO tokens, which were still in maturity. This led to dozens of unsuccessful transactions.
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Lost over a million dollars on Friday night?
But according to exclusive information obtained by our colleagues from The Block, The Alameda Research liquidators reportedly lost more than $1 million The only night from Friday to Saturday this weekend. The data was allegedly tracked by Arkham Intelligence through an as yet undisclosed report.
Le wallet ici concerné detenait 9 000 Ethers (ETH), soit plus de 13.7 million de dollars au cours actuel, supports grace à 20 millions de dollars sous forme d’USDC ainsi que 4 million de dollars de DAI, so deux en tant that sideways.
But according to on-chain data, the account in question may be “compulsively downsized”, Which would result in liquidation of positions equivalent to 731 ETHor more than $1.1 million at the current market rate.
According to Arkham, liquidations related to this wallet could be the result of a voluntary process:
“Surprisingly, out-of-portfolio deals were made before and during the liquidation, which indicates that the person in control of the portfolio was not able to know how to liquidate the positions, or did not want to do so.”
In addition, some Twitter observers did not fail to point out the few transactions that the liquidators carried out For a few fractions of the cryptocurrency.
FTX real estate bankruptcy pays liquidators $1,300 an hour to spend $2.99 on gas to move $0.02 worth of sushi tokens to multisig pic.twitter.com/iQJfBFAKFf
– foobar (@0xfoobar) January 7, 2023
“FTX Group Bankruptcy is paying liquidators $1,300 an hour to spend $2.99 in transaction fees to move $0.02 worth of sushi tokens to multi-sig.” [portefeuille multi-signature, NDLR]. »
Although some individuals have noted that some of the addresses that moved money recently may have been owned by Sam Bankman Fried, The latter denied any involvement.
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Source: The Block
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible for everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilian Pro
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