FTX CEO denies rumors of Alameda Research fund’s merger with the exchange
NewsFTX CEO Sam Bankman-Fried denied that the exchange and its investment arm FTX Ventures will merge with the Alameda Research fund. FTX CEO denies rumors of Alame...
FTX CEO Sam Bankman-Fried denied that the exchange and its investment arm FTX Ventures will merge with the Alameda Research fund.
Notably, on the afternoon of August 26, just following the co-CEO of the investment fund Alameda Research announced his resignation, the Bloomberg newspaper unveiled rather surprising data that FTX CEO Sam Bankman-Fried was arranging to unify the FTX and Alameda Research exchange turns into one particular. , such as the investment firms of Alameda Research, which are managed by FTX.
Sam Bankman-Fried’s FTX and Alameda Combined Their VC Operations As Billionaire Faces Long Crypto Winter https://t.co/HrPduq1zRB
– Bloomberg Asia (@BloombergAsia) 25 August 2022
However, Mr. Sam Bankman-Fried denied this rumor on Twitter. As a consequence, he claimed that the title of the Bloomberg report was certainly misleading to FTX Venture and immediately impacted his private picture of him.
I consider perhaps a line has been misinterpreted? idk – * FTX * venture capital investments are concentrated in FTX Ventures is distinctive from Alameda’s firms, which are not …
– SBF (@SBF_FTX) 25 August 2022
“This looks to me a terrific misrepresentation! Even even though FTX has been undertaking extra joint ventures with other investment money recently, and I guess why I’m significantly less energetic in Alameda, are there rumors like this?
Everything looks to be misinterpreted. Maybe they are complicated FTX Ventures.
Indeed, as a renowned investment fund founded in 2017, Alameda Research has presently supported a substantial quantity of remarkably productive crypto startups, such as NFT Marketplace Magic Eden and Anchorage Digital.
And in November 2021, Sam Bankman-Fried left Alameda Research to concentrate extra on the FTX enterprise, handing above the ideal to get above to two co-CEOs, Sam Trabucco and Caroline Ellison.
This indicates that the CEO of FTX and the exchange will not interfere also deeply in Alameda Research’s operations as these two organizations are just about independent of each and every other. Meanwhile, FTX Ventures is a distinctive story, the fund was officially established by FTX’s growth and advancement move, the exchange invested $ two billion on FTX Ventures to concentrate on Web3 and blockchain video games.
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