Nansen Says The Terra Is Probably The Cause Of The FTX Catastrophe | Terra | FTX | Nansen | Crypto

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Nansen, a blockchain analytics firm, says that Alameda Research was never separated from FTX and that the firm's strategy of keeping Alameda afloat began to unravel when TerraUSD fell. The report was published on Thursday, just over a week after the interwoven entities collapsed—the failure still sending tremors throughout the crypto community.

Nansen's team determined that the Luna/Terra debacle highlighted Alameda's connection with FTX's. Because of the Terra-Luna/3AC event, there was a large FTT outflow from Alameda to FTX. Alameda Research, the quantitative trading desk co-founded by Sam Bankman-Fried in 2017, interacted with wallets controlled by FTX before the company commenced operation in May 2019.

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