Alameda liquidators hit with liquidation for second time in 3 days

In keeping with Arkham Intelligence, Alameda Analysis liquidators have been liquidated for the second time in three days in gentle of current market actions.

Alameda liquidators wrote off $15,000 of Curve DAO token (CRV) debt on Jan. 14 in alternate for 0.83 wrapped Bitcoin (WBTC) — or roughly $17,600 of their collateral.

Alameda nonetheless holds a place quick $16,500 of CRV — collateralized by $23,000 WBTC, in accordance with Arkham Intelligence.

Second liquidation in three days

After the lack of roughly $1.7 million in funds by mixers usually utilized by hackers on Dec. 28, 2022, Alameda liquidators have been compelled to change into lively on-chain to maneuver property to safer multi-signature wallets.

Regardless of Alameda liquidators’ finest efforts to safe all funds, Arkham evaluation revealed that “important 7- and 8-figure sums of capital” was left stranded in Alameda wallets.

“On the pockets 0x712, liquidators tried to take away property from a borrow place on the DeFi protocol [Aave].

Moderately than paying again the debt to shut out the place, the liquidators opted to take away all additional collateral, placing the place at risk of liquidation.”

In doing so, Alameda liquidators triggered a liquidation of roughly 4 WBTC — price $72,000 —  along with a penalty slashed from the liquidated collateral when forcibly closing the pockets’s AAVE positions.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button