According to an analysis by on-chain researcher Lookonchain on Wednesday, crypto fund Alameda Research holds just over $222 million in cryptocurrencies across 56 Ethereum addresses. According to data compiled by The Block, that’s half of the more than $500 million it had on Oct. 1. During the same time period, Ethereum fell by slightly more than 8%. Alameda has come under fire after a CoinDesk report last week revealed that its balance sheet was stuffed with FTT, the native token of crypto exchange FTX. Because Sam Bankman-Fried owns both companies, the trading fund was built on a foundation largely comprised of a coin invented by its sister company, rather than an independent asset like a fiat currency or another cryptocurrency.
