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Breaking Down the Infamous Alameda Balance Sheet

September 20, 2023
in Crypto Updates
Reading Time: 1 min read
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Alameda had a number of ties to Bonfida, the challenge behind Solana’s model of ENS, the favored pockets naming service within the Ethereum ecosystem. It was the first market-maker for Bonfida’s native token FIDA. It acquired hundreds of thousands of FIDA tokens by investing in that startup. Notably, Bonfida builders inherited growth duties over the purportedly decentralized Serum crypto alternate, one other FTX manufacturing.

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