Alameda liquidators hit with liquidation for second time in 3 days

Haru Invest

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

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

Alameda nonetheless holds a place brief $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 via mixers typically 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 “vital 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].

Slightly than paying again the debt to shut out the place, the liquidators opted to take away all further collateral, placing the place in peril of liquidation.”

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

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