• Alameda’s liquidators reportedly incurred a significant loss of over $11 million in 2 weeks.
• The largest single liquidation was $4.85 million.
• A preventable loss of over $4 million was reported.
Alameda Research, led by Sam Bankman-Fried, recently filed for bankruptcy and put its liquidators in charge of managing the business. Unfortunately, two weeks into the process, the liquidators have reported a significant loss of over $11 million.
According to data collected by blockchain analytics platform Arkham Intelligence, the liquidators have reported a loss of over $11.5 million, with the largest single liquidation being $4.85 million. Of this total sum, it is reported that at least $4 million was preventable.
This news comes as a shock to many as Alameda Research had been seen as a success story in the cryptocurrency and trading industry. However, given the current conditions, the liquidators are facing an uphill battle in trying to recoup the losses and salvage whatever remains of the business.
At this time, it is unclear what measures the liquidators are planning to take in order to reduce the losses. However, it is clear that the situation is not looking good for Alameda Research and those involved in its management. With the losses mounting, it is unclear how the business will be able to recover and continue operations.
At this point, it is important to remember that the liquidators are doing their best to manage the situation and they are not to blame for the losses that have been incurred. It is also important to note that the losses reported do not necessarily reflect the total losses of the company, as there are many other factors that need to be taken into account.
It remains to be seen how the liquidators will be able to manage the situation in the coming weeks and months, and what measures they will take in order to minimize the losses. For now, all we can do is wait and see how the situation develops.