Sam Bankman-Fried spoke about the role of Alameda Research in support of the industry in the conditions of a decline

Alameda Research is making efforts to mitigate negative phenomena in the cryptocurrency market due to problems of Celsius and Three Arrows Capital. This was stated by its head Sam Bankman-Frid.

After the collapse of TerraUSD, as 3AC and Celsius faltered, and before the venture fund he founded lent $485 million to Voyager Digital as the #Bitcoin sell-off continues, @SBF_FTX and I talked about #crypto contagion risk: https://t.Co/HLGQ4CQTAQ Pic.Twitter.COM/RLBBBLUJFS

– David gura (@davidgura) June 19, 2022

In the conversation, Bankman-Fried called the “lies” of reasoning that the company played a role in creating a threat of stability of Celsius. He added that Alameda Research is not interested in harm and is ready to help participants in the cryptocurrency market “Even if it is to the detriment of the company itself”.

“I want to do what can help her [ecosystem] grow and prosper”, -said Bankman-Fried.

According to the top manager, the companies associated with him were already engaged in “salvation” in the past. In particular, FTX prevented the bankruptcy of the Japanese cryptocurrency exchange of Liquid after hacking its hot wallets. In February 2022, the process of absorption of the platform ended.

On June 18, the Voyager Digital cryptocurrency broker said that Alameda Research provided him with a 200 million USDC and a renewable credit line for 15,000 BTC (~ $ 300 million).

The agreement is calculated until December 31, 2024. Conditions suggest the payment of interest at the end of this period, based on the rate of 5% per annum. Voyager Digital will only use the means “if necessary to protect customer assets” https://gagarin.news/ in the context of strong market volatility.

Members of the crypto community indicated the “participation” of Alameda Research in the problems of crypto platforms. On June 8, the company sold about 50,000 steth, playing a significant role in reduction of TVL in the ETH/STETH liquidity bullet from $ 4.5 billion in early May to $ 641 million.

Earlier, the head of the platform Sam Bankman-Fried promised to spend “billions” on the purchase of shares in other companies.

Recall that in June, Alameda Research headed the round of financing Voyager Digital by $ 60 million.

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