22% of FTX On-chain Transactions are Linked to Alameda Research

22% of all FTX digital wallet deposits and withdrawals are linked to market maker Alameda Research, which is also owned by Sam Bankman-Fried. According to Bloomberg, this may create a conflict of interest.

The role of the trading firm has been increasing recently, as in 2021 it generated more than $1 billion in revenue, which put it on a par with Wall Street players. The increased scale has allowed it to become a key player from DeFi to venture capital investments and lending to distressed firms.

According to CB Insights, Bankman-Fried companies have participated in 117 funding rounds since 2020.

The restructuring procedures of Voyager Digital and Celsius Network have demonstrated the market maker’s huge impact on the industry.