FTX’s Bankman-Fried Provides $400M to Former Jane Street Traders

Sam Bankman- Fried’s investment company, Alameda Research, loaned $400 million to Modulo Capital. Modulo Capital is formed by some former Jane Street traders for having a lot of similarities to Caroline Ellison and Bankman-Fried. Ellison served as Alameda’s CEO. Ex Jane Street Traders Form Modulo Capital Bankman-Fried, Ellison, and three other former traders from Jane Street, a New York-based corporation, created Modulo Capital before they entered the cryptocurrency market. The same Bahamian luxury condominium neighborhood where the two people lived also houses Modulo Capital. Alameda Research invested $400 million in Modulo Capital, one of its biggest investments. According to people The post FTX’s Bankman-Fried Provides $400M to Former Jane Street Traders appeared first on Cryptoknowmics-Crypto News and Media Platform .