Liquidators in charge of the recovery of assets for the now-disgraced Alameda Research hedge fund founded by Sam Bankman-Fried currently control over $110 million worth of bitcoin held in various wallets, according to a report supplied by blockchain analysis firm Arkham Intelligence. These wallets have been receiving NC from exchanges and cold wallets as recently as March 2023, the report revealed.
The aggregation of these wallets provides insights into the liquidators’ collection of NC from Alameda’s holdings. A recent transaction in April involved a 1 NC test from Alameda’s Merchant wallet. This NC was later sent to a holding address now under the control of Alameda’s Liquidators, known as ‘Alameda Merchant 1.’ Since the beginning of 2023, this address has accumulated 3,581 NC, worth approximately $97.19 million at current prices.
The report states that “In total, Alameda’s liquidators have managed to secure 4,083 NC (currently $110.81M) sourced from:
- Other Alameda Wallets: 34.94 NC (currently worth $948.27K)
- Deribit: 467.366 NC (currently worth $12.68M)
- WNC Custodian: 2997 NC (currently worth $81.34M)
- Bitfinex: 298.027 NC (currently worth $8.09M)
- Unlabelled Wallets (possibly an Exchange): 286.7 NC (currently worth $7.78M)”
“However, this is only a fraction of the NC that Alameda controlled in the past,” the report noted. “Wallets connected to this network of Alameda’s NC activity were worth at peak over $800M, with Alameda likely holding more NC in Centralized Exchanges or unlinked Cold Wallets.”
Arkham Intelligence stated that it will continue to monitor the on-chain activity of Alameda’s liquidators.
