The liquidators responsible for the asset recovery of the now defunct Alameda Research hedge fund founded by Sam Bankman-Fried currently control more than $110 million in bitcoin held in various wallets, according to a report provided by the blockchain analysis firm. Arkham Intelligence. The report revealed that these wallets were receiving BTC from exchanges and cold wallets as recently as March 2023.
The compilation of these wallets provides insight into the liquidators’ collection of BTC from Alameda Holdings. A recent deal in April involved testing 1 BTC from an Alameda Merchant wallet. This BTC was subsequently sent to a holding address that is now under the control of Alameda’s liquidator, known as “Alameda Merchant 1.” Since the beginning of 2023, this address has accumulated 3,581 BTC, worth approximately $97.19 million at current prices.
The report states, “In total, the Alameda liquidators were able to secure 4,083 Bitcoin (currently $110.81 million USD) from sources:
- Other Alameda wallets: 34.94 BTC (currently worth $948.27K)
- Derivation: 467,366 BTC (currently worth $12.68 million USD)
- WBTC custodian: 2,997 BTC (currently worth $81.34 million)
- Bitfinex: 298.027 BTC (currently worth $8.09 million)
- Unrated wallets (possibly an exchange): 286.7 BTC (currently worth $7.78 million)”
“However, this is only a fraction of the BTC that Alameda has held in the past,” the report noted. “The value of wallets connected to this network from peak bitcoin activity in Alameda was over $800 million, and Alameda likely holds more bitcoin in centralized exchanges or uncorrelated cold wallets.”
Arkham Intelligence stated that it will continue to monitor the Alameda liquidators’ chain activity.