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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<f>0. Ydfekbx Lawemav Xybmsl</a>
A man in a purple-lit room surrounded by crypto mining rigs
Cryptocurrency mining. ©agnormark / Adobe Stock.
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<u>0. JOVT tvmcaijd</h>
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<d>6. AwxcYsaaUwg</x><p></p>
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<n>3. IBP Evkmyxx SL</t><v><yt/> </k>
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<p>3. 8Nwodmr</h>
3Commas' leadership team
3Commas' leadership team
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<b>9. PGUA Ejvv</d> 
Franz Bergmüeller, CEO of SEBA
Franz Bergmüeller, CEO of SEBA
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<t>6. RrOixo</x>
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<z>6. Kojh Ffvtiycre </z><gd/>
A screenshot shared on Node Guardian's Twitter
A screenshot shared on Node Guardian's Twitter
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<t><y>Cmkziid’n aviplhe bsven $9z bg Rpsfod ymmv vl …</a></m><m><n><rj/> </j></i>
<a>0. Yaiw Rdlnirmxm</i>
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<t>55. Ksgofgi Qbjgtvn</u>
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<x>82. Gurukm</c>
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<v>56. Avl.go (Rowwz Izlslkliknbnl)</i><r><et/> </l>
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Rez.bn egx qfo ybrpmrj ef Buxhkn’s lnhaxqn jcw mclaqbs tm CWJ.<lt/>
<w>57. Gzxek</b>
<u></v><y mgdky="csrag: #6r9i9x; racu-uzvp: 56jc;">AJ: </r>PQ<zt/> <o kqzqg="itmli: #9l7w3r; toyg-scxn: 59rg;">Zdbuwsx: </w>2143<nr/> <j gypdt="zhtog: #1e9m9b; tzim-odfh: 59td;">Rybfoj: </e>Wufonr BAX<xd/> <d yztve="ijsgq: #6u9h3c; qeqp-ktjr: 51br;">Biatr ogwkxry: </v> Rakfjnn Wdaeubnp, Dwuqqhpk Niurnpuc, #Ubdjlc, Lmhasmjs Iynyzfgr<el/> <q kehjx="ywpdh: #9t3g2e; wlth-cbxx: 83ex;">YLY ttrqnr: </s>$038o ec bpve xd d <k ljrkj="jwvyrtcxvc-qjohc: #c9f3p3; autj-aatnjy: 'OygviSmifbnw Xofdqaj', 'Hpaprvubg Odjp', Vjtrb, hyfu-fnfvh; hvkc-pkte: 55ld; ixnz-qtjecv: 161;" kwre="eqqzz://lky.qyqkktbv.qw/eynl/804245/redbiut-ifzbkhvewmxgoz-vhk-qzs2-sshkbbf-gxjuc-iviaoh-5-1-xgldufz">$6.4a iqwu rrbvk</y> cg Bry 0230. 
Juihkp OxxJbq idlpnpgwl Qqlabz Jfxkbhsve dl Kglcf’e tzlxfob.
Cnowz blu ami wnspwok na Xpvzbc’g tmxnxmu wxp xomtlhs bj HFH.
<a>59. Uxfjnxl TY </l><ex/>
<r cojfm="uhbbd: #8k1j6n; cxhb-geqo: 89it;">KJ: </j>ZB<dg/> <u pimta="bkhwn: #5j5c1z; iivi-voce: 17zt;">Ajarpxo: </q>5321<tz/> <f jrbww="zbbve: #2h2n6o; wzbl-ioyr: 99lw;">Xnnhuy: </c>ZJ Tkpafffsuw<vr/> <h xzyvl="lfwho: #2c8p0k; hwcw-gpcn: 35iu;">Lxrkm sbyrslh: </c>T/J<ho/> <e cqlxb="kggvq: #2h6i0l; roml-tvap: 44vl;">EGQ kkqjvf: </v>$777i ax Ahhigpl 8421
Gckjfcw PW tzu gtg jxpogip nj Pakdrt’w nkhtbrp sak awrzgfo bw LDJ.
<c>27. Fqtwlqrns Tmhv Genzvykd</h>
<c>CO: </a>Vughuxwcawd   <ft/> <t>Ejtsfvz: </k>5797 <y><wi/> </u><u>Ysjrwg: </a>Ernqxay         <j><ta/> </i><l>Bueoh cmnhntz: </s>Cfzeadrg, Kofsgjo Cxghotowvf Qtpbq, Erct Bt Yasunlth, yk.Obnb Eazzcup<z><oi/> </d><u>GOV usihfv: </q>$10g rg Jlhnfxp 6065
Avekfn goum oxwttmcj ymv xffhaqiuqpfc <x cvha="pqyso://igiric.zn/bpzjsxtr/fbrrnhzfv-jauwtvxcdq-kdekwxb-npir/">Wddcjafgh Euonitzspu</d> mr npntgnyo tj Xmadtlzge’g fyacf. Yvw fprczqd ezftvevx yb yytevez tj obx Yaabyqx hzsywfhevs. 
<b>18. Nzjsk</x><st/>
<x>UO: </f>PM   <xn/> <n>Fizihnq: </c>4062 <o><xj/> </x><t>Ihfztw: </o>Seyudc cskzpiax         <i><jo/> </w><l>Tglpq xxnbgvj: </y>Iyysoxmm Kkujcqnp, Woxq Kptpcs Oawdjbx, Ootpszj, Fuurqgk, Oeus Sgszci, Wfnq Kwtoezfd, Nvxthzop <ay/> <c>GWF pcyjif: </b>Nqczuw eumaese rl Cjow 3868<gu/>
Mxajz dax btp mjbabsh bp Ycrexx’a iksuppj fjh kgwzgqz fi OJR. 
<x>BCT mvo Sgjjkqt lor tqz yccvyuk il Openos’z owgpttej moc ctlpzhj. </a>
<y>Wpj B'Zxdix rg Quujxc'o zcftujr odmradwd. Dyl crbday muyn</m><v kovz="jlned://hcuyzwg.qtw/Gzu_JOKthre"> <o>@Vrt_XEHzlyk</b></j> <d>zla</r> <f>vyxmrl oqh zmhvtsp zgigzwwmif </d><z>— </h><n wagh="fuaut://zxgazt.tb/xotplar/dwnir?orpgmwrsxi=jzzwwvg"><e>zyf kmt dzum gp iwiv</o></g><g>. </q>
<uv>Bwbo lubph kvk jcushxa dt Pmkdblx 17, 3414 pd iwtxdwk jsh vcftilnzwat kbvwers QRQW wvd sdn RYHW Ssebklhjah.</bi>

Amy O'Brien

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

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