Funds transferred to Alameda's wallet are allegedly part of the bankruptcy recovery proceedings.
— some of which were preventable — since taking control of Alameda's trading accounts, according to a report from crypto analytics firm Arkham Intelligence.
Liquidators faced another technical obstacle when attempting to recover funds on Jan. 12. Cointelegraphof digital assets on the decentralized finance lending platform Aave while liquidators attempted to consolidate funds into a single multisignature wallet. To close a borrow position on Aave, the liquidators removed extra collateral, putting the assets at risk of liquidation. In addition, liquidators are also reported to have spent far more on gas fees than they earned from moving the funds.
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