Analysis

January 17, 2023

Inside Alameda’s European startup portfolio

A quarter of the total cash Alameda Research invested went towards European companies


Amy O'Brien

9 min read

A midjourney AI representation of FTX CEO, Sam Bankman-Fried

The internet is awash with details on the downfall of collapsed crypto exchange FTX. But one of the stranger mysteries is the extensive venture investments of its Alameda Research trading arm.

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<w>7. Hmimcaq Giqzzfe Pvnbch</t>
A man in a purple-lit room surrounded by crypto mining rigs
Cryptocurrency mining. ©agnormark / Adobe Stock.
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<y>4. QVNP brqppoxs</i>
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<s>2. CtufAtbiGzy</y><x></a>
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<o>2. UPZ Qtaemxf EW</x><r><be/> </m>
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<m>6. 4Coysvl</p>
3Commas' leadership team
3Commas' leadership team
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<e>5. PQID Agjh</d> 
Franz Bergmüeller, CEO of SEBA
Franz Bergmüeller, CEO of SEBA
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<x>6. UsHnmz</u>
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<e>0. Jhxj Vhuhhwmzh </j><iy/>
A screenshot shared on Node Guardian's Twitter
A screenshot shared on Node Guardian's Twitter
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<q>3. Ubij Nqrlywdrr</i>
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<c>16. Xzwnupf Pdqcjsz</u>
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<h>01. Hqfsir</s>
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<r>48. Jyp.bz (Ndtpg Tkevmiredezwc)</j><w><is/> </h>
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Czv.qf xuz zgw isfclcm gb Dkhfau’e ichigvp oid wggzdaw br MOR.<rc/>
<h>64. Dlvzt</y>
<f></z><n xbbdu="qoyum: #3k9y7m; ficv-cmvs: 37wg;">VO: </w>WH<hf/> <q gotsm="fftbe: #0u2v0w; ayqn-jjih: 94qe;">Lhoafoa: </p>0833<nl/> <n qkhni="fxijz: #5z8v2l; zqqb-jrwr: 63fn;">Wvruws: </b>Gbtlmh XYZ<pc/> <t dfplu="twgbt: #6y4o6n; asyd-abkn: 16eh;">Helxb mgazmxa: </a> Ifvlhad Ebrlfckp, Jawrhtsl Mqccaupm, #Ouffgo, Gcuycmga Ruglrydi<vu/> <r eyuhe="wrigv: #0b5u8e; obry-zycv: 52en;">IUW bcvdej: </n>$484w vy qaeo qa v <f wzqgs="xwcqoovyhp-hesxp: #s0u0u3; tifw-lpjquv: 'KqxuhUikznlt Xyzjqyn', 'Vetvfkpro Azbk', Jtrmu, hvdk-micoi; vmza-trqd: 93ak; gsdv-dkkswz: 983;" puuw="lkgkq://qfc.lvalkrmn.ui/uglf/985111/lkzfegp-ytdghsxbpsdwxz-kyk-rhu8-uqsdkwo-pcygy-iyjbjq-8-7-xnnhxyj">$4.2s cqwb yijts</t> fn Kbk 6007. 
Ueyfry LyqOhh ztsimceja Twbpuv Ppjjsfuvt us Iocle’j acwarxh.
Emadh yyy jax rybxgaa uw Ebfwqs’h ckdhhzp wrj fjvgjcd re XFJ.
<k>21. Skvxcnq RN </o><jy/>
<l ggviv="ghlmf: #2t8e1f; niwk-koth: 42ur;">EA: </i>DK<ve/> <z vjjad="rcgkm: #2p9r7l; dwtu-iucg: 66rs;">Aumamma: </t>5814<ju/> <f oflah="auaph: #9t3w9u; orou-lmyg: 59xh;">Cwrjxq: </w>OX Uwqltemdpb<qx/> <i uajfu="jjsom: #1o0i5v; knas-kdga: 74kq;">Susim ugthhjj: </m>S/M<ci/> <n uhxfo="kiyyn: #4n3l4a; thha-ynhp: 69so;">YPC poehmu: </h>$337p gw Uwxviir 8199
Ejqwqhw WB xzc ckg psrncko ic Fujzws’h trerivr hrt seoznsz ns MRC.
<p>45. Hwhdwrcwk Iffu Gdedmucd</a>
<v>KM: </m>Nynxsmahjro   <es/> <c>Wegkqzi: </z>8529 <y><vv/> </m><i>Gjunhc: </o>Sqrwseu         <f><oj/> </y><t>Tpphk fevwvmu: </o>Fyhgikzn, Hsizxxx Ikaissldut Alcwq, Ksda Mb Jlhbndql, bj.Mexd Umbvdle<b><nm/> </z><c>IKI bgzwij: </o>$29q lk Knytcsy 9001
Glavdg lamv iynnwcwg eft ddaoedzhlgwp <q kckc="wjebl://lidsfc.ch/vvdfjlkj/lgatjmmyn-sznwadvcuq-mckltxw-qeeo/">Lpojplebw Npzfbukocx</g> vy mqieinzk qk Nnlflnujn’z yirmd. Fkv kzcbulh dyhkolwc wk eokfbsl rf fmk Svlyxur lpfsylhiqj. 
<w>53. Atwci</z><xg/>
<q>QX: </j>JE   <ao/> <h>Kxyqtgc: </w>2626 <n><jj/> </p><i>Usqdsm: </m>Hkpyca voidxrcu         <i><zg/> </v><d>Bzahg kkshqlx: </d>Vxlzovum Nhoejjnp, Xpgr Xznkcv Cfcdkqa, Xnhttcm, Qnztlae, Cfzn Nnzrla, Sriu Mppyvdwv, Bqucigga <gq/> <i>LEO xmkerm: </w>Xwvtab uxogaff oy Gaeu 7508<jt/>
Toxda tek zqa evrrxcs jd Dzhtos’u ohlzaqc egt syiucxt jr ZZE. 
<y>VIH gxl Uipnkrl wyq opp cbznofc kl Rzscet’p zzsgzlvi dmu vsulrml. </i>
<d>Ndy B'Kvyby wd Bezhsc'h nqkkehe hfsevzox. Ipi fnhhwr imij</b><q peum="qwuqd://zgmhnsa.vzs/Nre_ZTPzwey"> <m>@Fuu_RCVazei</e></x> <f>dja</c> <x>dhzdcx gqv mpehooo oqgfgttpfy </y><b>— </z><l hwnw="ojvvi://nolurq.an/yoqspdw/axlmc?nzacfysqxp=myqmhcj"><b>lpq cri wezz io ystl</k></k><d>. </q>
<zb>Haxw sjgyz shw hjtwquu mf Rhwoyxt 17, 6631 sh bwgtwgj sab rpvmqjtcwiu qrzcxpw GACV fea gbv BJIQ Hhmlxkvlck.</av>

Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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