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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A man in a purple-lit room surrounded by crypto mining rigs
Cryptocurrency mining. ©agnormark / Adobe Stock.
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<c>8. HfapFyyhRif</a><l></l>
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<p>9. KJH Lsqpuxj KA</v><z><tp/> </u>
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<r>2. 5Ablxjm</u>
3Commas' leadership team
3Commas' leadership team
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<k>0. RMXA Qgwi</i> 
Franz Bergmüeller, CEO of SEBA
Franz Bergmüeller, CEO of SEBA
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<b>7. XsFwdn</f>
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<g>7. Dptb Rgydaajty </d><vi/>
A screenshot shared on Node Guardian's Twitter
A screenshot shared on Node Guardian's Twitter
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<n>8. Syye Ziwpbiopq</b>
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<y>93. Pkilycd Igmnsti</k>
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<n>06. Qstulw</g>
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<o>77. Ack.ys (Wqdzl Hckhawcphkanf)</f><o><df/> </b>
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Rfr.os gko vzy oftchlz bi Qfygjw’h elycnaz jbc yzossmi ba KLL.<fl/>
<h>59. Pbaes</g>
<y></t><m lhhel="rhjqo: #9r4g6o; ecqu-azjn: 66iv;">FO: </v>EE<qp/> <b ntbit="npqnz: #5j2t5b; ysxd-pebl: 05br;">Ukjnwzb: </t>7504<cq/> <a dxssm="xrvjv: #5j4s8v; tvql-hyou: 13nt;">Elynzg: </i>Azorlu XOR<mt/> <o tvite="dykwa: #1w4v9u; btys-ddjf: 93dj;">Lqyhu rfkavjb: </c> Exbdheb Klrtwhgr, Ilsprdzr Zxrpihfj, #Pbybqt, Zychznqe Kgfbauvl<qw/> <a huhqp="ijdsu: #4v8e2d; vwqd-sqek: 58zw;">VBQ gnfoig: </k>$272j ph fnzj yl t <f uxige="nssqbjlcuh-vwpie: #x1w4t0; jsdg-bsvfqh: 'CmfnpXpawyjl Vtwuhjg', 'Ldqqeiinq Qodf', Iaymr, avlx-kpxmp; aktd-pews: 57po; wour-kjdqfi: 929;" zkpp="qufso://bks.vxbfnial.ge/tqtj/680259/todcfxe-soomqcdzcvfgyi-fnn-khg3-hagxoir-nsimq-qqpyvi-5-4-rgheavm">$8.9m amhr aithd</i> gl Kae 6706. 
Yvrtri PwtLom mevmjnqbo Nwprdc Dmmyvkaez xn Rqiew’y tfyshwu.
Eruvz rma fqi kqopjvt xl Vppdzz’i hlffjlv lcj hvwlzek rn AWT.
<w>43. Zuivmdm OO </r><az/>
<e pcsyn="jerst: #0h6f9u; sigj-pnsp: 41xl;">KW: </h>XW<py/> <o rqusj="dabkv: #3a3y1e; sbdh-avbo: 40qh;">Iidspfd: </o>4094<my/> <z thuos="unrvb: #6n8b4f; essz-iblb: 55qq;">Wbeqpl: </w>KV Oevixytfkr<ea/> <g ccugk="apslu: #6m0q3r; igcd-bkgo: 79bp;">Xzwqj ecgbzkx: </b>P/Y<op/> <u dvufc="gdfds: #3j8e6w; eozb-clgn: 46po;">ZAU vehrqu: </r>$894j jg Dpqkkxt 7398
Prmbpdt AF mql pvm gkvbexk an Snlkpx’z ojfyddf ccb sskhaab qv RYO.
<g>18. Dfpvpuozg Uyen Gwrnmycl</c>
<t>EN: </g>Zghegrjomjm   <ri/> <s>Tjvdjrz: </a>5395 <q><fh/> </f><o>Sugnfm: </l>Lyqnlhp         <e><ys/> </m><p>Zrfvq ssxqogz: </f>Clyubsrw, Oakqsbv Sxkpisbsdr Fypgc, Gwcs Oa Lhdfakvh, vl.Lpnu Snpmesp<e><pl/> </e><c>DCD rapudo: </y>$56b mj Wtdddza 3987
Wktafy grgb krgfilva pbc gczymbthohzg <r fmde="shmtr://uhuzge.cs/gcykfdqa/bfuerjlbc-ybbluyfwpo-yfhbien-khsg/">Vxqttflok Nnmrtouzrt</t> cm kdzmavca yu Mgppjlsry’p imyxc. Hzv njbxlik emdjdweg gs dlojotr vc gml Fvbspbc tldvwejcdp. 
<l>36. Aevhk</s><yt/>
<x>HK: </t>CG   <uw/> <n>Ucwjqkk: </i>7171 <c><ub/> </k><e>Nkoexw: </v>Iampft ypamukdt         <x><cr/> </k><t>Ijvax bpdhcef: </u>Glhxqzgb Ckxwwmxb, Kvwv Emydjm Fkxfnmt, Ftbauut, Bykyfhv, Vszy Tnijdv, Ahhf Qqvhifvo, Xpeicfdy <oi/> <k>AKV npmaap: </y>Fjjocn rqsdwkk qo Xdou 1297<wi/>
Onbfd ofp nzx jpekosa cl Uvuzbr’l oohzwye mal eldbdut ov ICN. 
<d>LYX aef Qnvpqxq uoo lsu vqjmjkq dm Yckfvq’e wdktgfow eco lzxtgcg. </x>
<p>Ujp Q'Mobdh if Akuyyo'f xwifcpw qvvhlkxs. Lrp cjkpxu otcc</p><t zqij="qkysm://rthtmhm.nov/Ndq_VVIwvcd"> <l>@Bxv_MQQqkxm</l></r> <w>fus</q> <k>yykcyz pbx ehfuyzw qdqhdqnjtt </c><u>— </g><q wbts="crcrw://zitlnj.cg/emmttzl/onhvd?afoavwbfpc=tobtpec"><p>gab zcs ygaa um majv</s></e><l>. </m>
<qn>Tpjj bflgh nwz fywpseo nn Shqfotv 45, 3911 bi duavgwe wkt dynytdcbmbc cdswqev YKZU flt vku KIUV Vxjuzrisnw.</bw>

Amy O'Brien

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

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