Alameda, Affiliates Have Over US$5 Billion in Liabilities

Alameda Research and its affiliates had about $5.1 billion in liabilities as of Sept. 30th and hold $13.46 billion in total assets, according to a bankruptcy court filing dated Nov. 17th. In the meantime, the "crypto asset borrowings at fair value" was the largest liability item, reaching US$3.7 billion, according to the unaudited balance sheet disclosed in the court filing.

Alameda Research is a company that SBF founded before FTX. The court filing concludes Alameda is a "crypto hedge fund." Bankman-Fried owns 90% of the company’s stake, while FTX's cofounder Gary Wang holds 10%, the court filing says.