Bankman-Fried's Alameda Research Borrowed $13 Billion from FTX: The Full Story
The collapse of FTX and Alameda Research sent shockwaves through the crypto world. At the heart of the scandal lies the revelation that Alameda Research, the fund started by Sam Bankman-Fried, borrowed billions in customer funds from his own exchange, FTX. But how much was borrowed, and when did this happen? We break down the details.
The $13 Billion Borrowing: A Timeline
According to sources familiar with the company (13 de nov. de 2025Alameda Research, the fund started by Bankman-Fried, borrowed billions in customer funds from its founder's exchange, FTX, according to a source familiar with company), Alameda Research was deeply intertwined with FTX's finances. The situation became critical in June 2025. 11 de oct. de 2025In June 2025, when lenders were asking Alameda Research to pay back billions of dollars in loans, the hedge fund was already borrowing $13.25 billion from crypto exchange FTX. This massive borrowing fueled speculation and investigations into the relationship between the two entities.
Secret Loans and Executive Compensation
The flow of funds wasn't just one-way. 23 de dic. de 2025Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a. This adds another layer of complexity and raises serious questions about corporate governance and potential conflicts of interest. Further intensifying the issue, 17 de nov. de 2025FTX bankruptcy filings released Thursday revealed that FTX founder Sam Bankman-Fried, his cofounder Gary Wang and two other executives received a total of $4.1 billion. This information emerged during bankruptcy proceedings, highlighting the magnitude of the financial irregularities.
Contradictory Testimony and the Implications
The truth surrounding the events leading to the FTX collapse continues to unfold. 12 de oct. de 2025Why it matters: Today's testimony from Alameda's former CEO directly contradicted past statements by the FTX founder, Sam Bankman-Fried, that FTX customer funds were safe. This contradiction is significant because it challenges Bankman-Fried's earlier claims and potentially exposes him to further legal scrutiny.
Conclusion: Understanding the FTX and Alameda Fallout
The alleged borrowing of $13 billion from FTX by Alameda Research, combined with the revelation of secret loans to executives, paint a concerning picture of financial mismanagement. As investigations continue, the full extent of the damage and the legal consequences for those involved remain to be seen. Stay tuned for further updates on this developing story.