FTX Debtors’ Asset List Excludes Big Alameda-Owned NFTs and ENS Names – Bitcoin News

This week, FTX debtors issued a press release and 20-page document noting that the bankruptcy trustees found $5.5 billion in liquid assets. The document details how investigators discovered fiat currencies, crypto assets and securities as part of FTX and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the enormous stockpile of elusive tokens the company has accumulated over the years.

FTX and Alameda’s liquidated assets include thousands of NFT and ENS titles

FTX affiliate and quant trading firm Alameda Research has been heavily involved in the non-fungile token (NFT) hype since 2021. In fact, after FTX and Alameda filed for bankruptcy protection, our news desk did a lot of Alameda analysis. /FTX-related wallets and discovered thousands of NFT and Ethereum Name Service (ENS) names.

Discoveries were made from wallets labeled By block explorer Larry Cermak and cryptocurrency monitoring software Arkham Intelligence and analyzed data from dappradar.com’s portfolio review. For example, the address “0x116” associated with Alameda has about $100,000 in crypto tokens, but has 107 ENS names. It is possible that Alameda thought it could change the ENS names in the future because the firm acquired so many generic names.

The FTX Debtors' Asset List does not list Alameda's large holdings of NFTs and ENS names
ENS names associated with Alameda Research.

Alameda and now eliminators have ENS names like “tickets.eth”, “payment.eth”, “network.eth”, “dungeon.eth”, “packager.eth”, “nootropic.eth”, “breakfast.eth”. ,” and more. Most aren’t worth much, but some specific ENS names like “payment.eth” and “network.eth” sold for $9,000 each. In a 20-page presentation to FTX’s unsecured creditors, Alameda’s ENS name collection is not mentioned.

In January of last year, there was a lot of controversy when Cryptopunks and Bored Ape Yacht Club (BAYC) hit the scene with several mirrored non-fungible token (NFT) collections that copied the artwork of NFTs. Interestingly, Alameda’s ETH address “0x0f4” has a large number of unofficial “converted” Cryptopunks and “mirror” BAYC NFTs.

The FTX Debtors' Asset List does not list Alameda's large holdings of NFTs and ENS names
Alameda Research owns many Meebits, 2 MAYCs, and a good handful of blue-chip NFTs.

The address “0x0f4” holds 2447 NFTs from 629 different NFT collections in the wallet. Alameda’s “0x0f4” collected NFTs from compilations like Time Frog, Party-Animals, Metawarden, Shrouded Playground, and dozens of relatively unknown NFT collections.

Alameda also collected blue-chip non-fungible tokens (NFTs), and records show the firm acquired 11 legitimate Cryptopunks worth a total of $784,000. The trading platform purchased seven different Art Blocks Curated on January 20, 2023, with an estimated value of approximately $1.47 million.

The FTX Debtors' Asset List does not list Alameda's large holdings of NFTs and ENS names
According to 21shares data posted on Dune Analytics, blue-chip NFTs with significant value and owned by Alameda Research.

Alameda and now the liquidators own 81 land NFTs from The Sandbox with a total value of $155,000. Alameda also acquired two OtherDeeds, currently worth about $25,000, and 12 different Meebits, worth about $88,000 today. Many blue chip NFTs can be found at the ETH address “0xca4”.

This particular wallet holds Alameda’s most valuable NFTs, including Otherdeed land titles and two Mutant Ape Yacht Club (MAYC) NFTs worth approximately $50,000. Larry Cermak’s Alameda address list highlights approximately 29 different Ethereum addresses. In addition, Arkham Intelligence data shows that there are 68 addresses linked to the Alameda Research quantitative trading platform.

A decent handful of wallets hold NFTs from a large portion of Alameda addresses. Most of these wallets are believed to be managed by the FTX bankruptcy team and liquidators. In tokens alone, Alameda’s 68 connected Ethereum-based wallets show a net worth of about $189.12 million.

Tags in this story

Alameda Research, Art Blocks, Bankruptcy, Blockchain, Blue-Chip NFTS, controversy, cryptocurrencies, crypto-art, cryptopunks, Digital Assets, Digital Collections, Digital Identity, digital ownership, digital rights, ENS, ERC1155, ERC721, Ethereum, Ethereum Name Service, ftx, Land NFTs, liquid assets, Meebits, Metaverse, NFT market, NFTs, Irrevocable tokens, Other actions, Property, quant trading, Scarcity, Securities, tokenization, Value, virtual goods, Virtual Worlds, Wallet

What do you think about Alameda’s involvement in the NFT and ENS name markets? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News at Bitcoin.com News and a fintech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons, Editorial credit: Arkham Intelligence visualization, Dune Analytics, dappradar.com,

Refusal: This article is for informational purposes only. This is not a direct offer or an offer to buy or sell or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or use of any content, goods or services mentioned in this article. .

Source link