No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Alameda Research’s liquidators have reportedly lost at least $11.5 million since taking control of Alameda’s trading accounts.
On January 16th, an Arkham Intelligence Twitter thread reported that one wallet under the liquidator’s control had experienced a series of “significant losses” due to liquidations. Some of them were “avoidable losses”.
During the last two weeks under the control of the liquidator, the account has suffered significant losses.
Largest single liquidation: $4.85M
Total settlement amount: $11.5M
Avoidable loss: $4 million or moreArkham (@ArkhamIntel) January 16, 2023
As an example, Arkham found that an account ending in 0x997 initially held a short position of 9,000 Ether (ETH) ($10.8 million) against collateral of $20 million in USD Coin (USDC) and $4 million in Dai (DAI). I pointed out that I had When the liquidator first took control, he had a balance of $15.2 million.
However, after a series of liquidations spanning almost two weeks, the account is now worth $1.1 million short Ether against $1.4 million USDC: $300,000 net balance.
Arkham said it was the latest development in “a series of market moves that have crushed multiple positions in Alameda that remained open after bankruptcy.”
Another liquidation occurred on December 29, about 30 hours after liquidators began moving assets out of Alameda Wallet, when Alameda Wallet sold $7 million USD in USDC from decentralized cryptocurrency lending platform AAVE. When I transferred $4 million in DAI to another Optimism L2 account.
It is believed that the removal of this fund put the position at higher risk of liquidation, selling $11.4 million USDC to Optimism’s liquidation bot, and AAVE Treasury received an additional $100,000 from USDC in liquidation tax.
Arkham would have retained at least $15 million instead of the $11 million recovered if the liquidator had used the ability to immediately settle the position by selling the collateral rather than withdrawing it from the wallet I explained that it may have been
So this equates to $4 million in avoidable losses.
RELATED: Alameda Research Had $65 Billion Secret Line Of Credit On FTX: Report
On January 13, Cointelegraph reported that Alameda Research liquidators lost $72,000 in digital assets when consolidating funds into a single wallet on decentralized finance (DeFi) lending platform Aave. Reported.
The liquidator tried to close the borrowing position, but accidentally removed the excess collateral, putting the assets at risk of liquidation. In nine days the loan was liquidated twice for him, resulting in a total loss of 4.05 wrapped bitcoins (WBTC), which creditors were unable to recover.
