The latest press release from FTX debtors revealed a 20 page document claiming to have identified $5.5 billion worth of liquid assets. However, upon closer inspection, it appears that the administrators have failed to account for the company’s vast collection of non-fungible tokens and Ethereum Name Service (ENS) names.
FTX and Alameda Research Accumulated Thousands of NFT and ENS Names
FTX and Alameda Research, their inner circle and quantitative trading firm, have been actively involved in the NFT (non-fungible token) craze since 2021. A deep dive into their wallets revealed thousands of Ethereum Name Service (ENS) names and a variety of cryptocurrencies. Larry Cermac, a block explorer, used the data from the crypto monitoring app Arkham Intelligence Portfolio Viewer and dappradar.com to uncover an address owned by Alameda, labelled “0x116”, which contained around $100,000 worth of tokens as well as 107 ENS names.
The liquidators now have access to ENS names such as “tickets.eth”, “pago.eth”, “network.eth”, “dungeon.eth”, “packager.eth”, “nootropic.eth”, “desayuno.eth”, and many more. While most are not particularly valuable, some of these names have been sold for almost $9,000 each. Strangely, the ENS collection was not mentioned in the 20 page document presented to FTX’s unsecured creditors.
Last year, mirror tokens collections (NFTs) were introduced to the market, sparking controversy. Alameda Research’s ETH address “0x0f4” was found to have flipped Cryptopunks and mirrored BAYC NFTs. The wallet holds 2447 NFTs from 629 different collections, Time Frog, Party-Animals, Metawarden, Shrouded Playground, and more. Additionally, they possess 11 Cryptopunks worth $784,000, seven Art Blocks worth $1.47 million, two MAYCs, two Meebits, and a few high-value NFTs. The wallet holds a total of $2.2 million worth of NFTs.
Alameda NowThe liquidators have 81 NFTs from land. The SandboxTogether has a value approximately $155,000 Alameda Two Also available OtherdeedSIt It currently has 12 properties and is valued at approximately $25,000 MeebitsIt Current value is $88,000 The The ETH address has a lot of NFTs at its top. “0xca4”.
That One Some of these items are included in wallet Alameda’s Most valuable NFTs, title deeds included. Otherdeed And Two Mutant Ape Yacht Club (MAYC), NFTs for approximately $50,000 each Larry Cermak’s Alameda Address List highlights of 29 different topics Ethereum addresses. AdditionalData Arkham Intelligence This Indicates that the address is associated with 68 addresses Alameda Research quantitative trading platform.
Of The Vast swathes of Alameda A good number of wallets have NFTs. It It It is possible that the majority of these wallets were managed by liquidators or the bankruptcy team at FTX. In Only tokens Alameda’s 68 EthereumA net worth of around $189.12 Million This is indicated by a wallet connected to the Internet.
What What What do you think? Alameda’s Participation In the NFT/ENS market Let Let Let us know what you think by commenting below.
Image Credit: Shutterstock, Pixabay, Wiki Commons, Editorial credit: Arkham Intelligence visualization, Dune Analytics, dappradar.com,
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