In a recent Bloomberg interview, Sam Bankman-Fried (SBF), FTX former CEO, revealed the whereabouts of the funds. SBF said he showed investors a separate balance sheet at an emergency bailout.

FTX and Alameda <a href="https://ambcrypto.com/heres-the-good-news-in-a-post-ftx-collapse-world/" target="_blank">breakdown</a> controversies continue to hit the spotlight in the cryptosphere. The latest revelation gives insight into Alameda’s investments. According to a <a href="https://www.bloomberg.com/news/articles/2022-12-02/alameda-bet-big-on-crypto-miner-genesis-digital-before-sector-implosion?utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=crypto&amp;leadSource=uverify%20wall" target="_blank">report</a> by Bloomberg, FTX’s venture arm had high hopes for <a href="https://ambcrypto.com/will-bitcoin-mining-expansion-help-btc-recover-this-month/" target="_blank">Bitcoin mining</a> as it invested as much as $1.15 billion in Genesis Digital Assets in four funding rounds.

FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021.&nbsp;

Against the backdrop of November’s crypto market carnage, Jakob Palmstierna, CEO of trading firm GSR, cuts a surprisingly serene figure.

Former FTX CEO Sam Bankman-Fried is under scrutiny by prosecutors over the relationship between crypto exchange FTX and trading firm Alameda Research. SBF has reportedly made customers wire transfer money to FTX through <a href="https://coingape.com/just-in-ftx-alameda-research-contagion-could-spread-to-these-banks/" target="_blank">Alameda bank accounts at Silvergate</a> and other banks.

The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”.&nbsp;

The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning.

Prosecutors are relatively clear about the relations between trading firm Alameda Research and crypto exchange FTX following the recent investigations. Alameda is found to be the primary firm supporting FTX operations including accounts, transfers, trading, and others as FTX spun off from Alameda in 2019.

In a latest, crypto influencer BitBoy claimed that Alameda Research held transactions when Solana blockchain was halted. He also warned in his latest <a rel="nofollow" href="https://twitter.com/Bitboy_Crypto/status/1596423423042920448?s=20&amp;t=F3M9nUydy2ypeJkCd32HGw">tweet</a> saying those who have positions in Solana should get rid of the assets. BitBoy said <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> laundered money and pressurized with some transactions during the blockchain halts. The Solana price dropped heavily thanks to FTX’s investment in the blockchain project. BitBoy said,

Following the chaos around <a href="https://coingape.com/tag/ftx/">FTX</a> collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors suggest certain wBTC is missing as it belonged to Alameda Research, the BitGo team cited routine maintenance of DAO multisig rotation. BitGo’s wBTC order book shows that there is a slight excess in Bitcoin custody than the total wBTC in the network. It means there are more Bitcoin (BTC) to support the number of issued wBTC.