The liquidators of Alameda Research have reportedly fumbled a number of Alameda trading positions, leading to millions of dollars in liquidations, according to crypto analytics firm Arkham.
After a string of liquidations spanning almost two weeks however, the account's current value now stands at “$1.1M short Ether against $1.4M USDC: net balance of $300K.”
Arkham said this is the most recent development in a"series of market movements that have busted multiple Alameda positions left open after bankruptcy." Another liquidation occurred when Alameda wallets removed $7 million in USDC and $4 million in DAI from the decentralized crypto lending platform AAVE to a separate Optimism L2 account on Dec. 29, around 30 hours after liquidators began moving assets out of Alameda wallets.
This removal of funds is believed to have placed the position at a high risk of liquidation, resulting in $11.4 million of USDC being sold off to liquidation bots on Optimism, while the AAVE Treasury took another $100,000 in USDC as liquidation tax. Arkham explained that if liquidators had used a function to immediately close the position by selling off collateral instead of pulling collateral from the wallet, at least $15 million could have been preserved rather than the recovered $11 million.
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