This announcement comes just one day after Alameda co-CEO Sam Trabucco announced he was shifting into an advisory role.
According to a Bloomberg interview, Alameda CEO Caroline Ellison said that Sam Bankman-Fried’s crypto trading platform FTX and trading company Alameda Research will merge venture capitalism operations. This news comes just days after Ellison’s coCEO Sam Trabucco was promoted to an advisory role.
FTX Ventures raised 2 billion in funding in January. Alameda was also absorption around that time. According to the article, financial payments were not made to Alameda. It operates independently from the FTX exchange.
Alameda was a venture capital investor and supported many crypto startups including Anchorage Digital and Magic Eden, a non-fungible token market.
Bankman-Fried is actively looking for acquisitions and has offered money to companies in financial crisis. FTX US made a deal to acquire BlockFi, a crypto lender. It was also discussing the purchase of South Korean cryptocurrency exchange Bithumb. This comes after the June acquisitions by Bitvo, a cryptocurrency trading company, as well as Embed, an clearing firm.
CNBC could not reach FTX to comment on financial leaks. However, Bankman-Fried confirmed the numbers via Twitter.