Alameda Research lost another $1 million in assets by liquidation last night, according to a report shared by crypto intelligence firm Arkham in partnership with The Block.
Initially, the account had 9,000 ETH worth $10.8 million with 20 million USDC and 4 million DAI as collateral. Overall, the account’s net worth is $15.2 million.
But a Jan. 14 report from Arkham shows that the account was “forcibly reduced” and $1.2m USDC liquidated for 731 ETH, and the account now has $1.1m ETH in its short position, compared to 1.14m USDC and its balance. Net $300,000
“Surprisingly, out-of-wallet transactions occurred before and during liquidation, indicating that whoever controls this wallet cannot understand how to close a position. Or just unwilling to do it,” Arkham said in the report.
The news comes after the $72,000 Alameda fund was liquidated on Aave after merging it into a single wallet on Jan. 12, with Twitter users noticing that the Alameda fund had changed its wallet.
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