FTX CEO Affirms Alameda Research And FTX Ventures Operate Independently

The FTX CEO has denied that the exchange and investment branches of FTX Ventures intend to merge with Alameda Research.

As was updated in an earlier Coincu News article, according to a Bloomberg interview with Alameda’s Caroline Ellison, the FTX exchange recently absorbed the investment activities of the venture capital fund Alameda Research as an attempt to deal with the crypto winter.

However, soon after, FTX CEO Sam Bankman-Fried denied this rumor on Twitter. Accordingly, he claimed that the headline of the Bloomberg article was really misleading to FTX Venture and directly affected his personal image.

In fact, as a reputable hedge fund founded in 2017, Alameda Research has supported a large number of very successful crypto startups at the present time, including NFT Marketplace Magic Eden and Anchorage Digital.

And in November 2021, Mr. Sam Bankman-Fried left Alameda Research to focus more on the FTX business, ceding the right to take over for two co-CEOs, Mr. Sam Trabucco and Ms. Caroline Ellison. This means that the CEO of FTX and the exchange will not interfere too deeply in the operations of Alameda Research as these two organizations are almost independent of each other.

Meanwhile, FTX Ventures is another case, the fund was officially established from the expansion of FTX, the exchange has spent $ 2 billion for FTX Ventures to focus on Web3 and blockchain games.

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