SBF faces eight criminal charges, appears in court on one-third of them, SEC: Expected to recover $200 million in Alameda's external investments

The U.S. Securities and Exchange Commission (SEC) has stated that the two hundred million dollars invested by Alameda in Mysten and Dave is expected to be recovered. The source of funds in Alameda's 5.4 billion dollar investment portfolio will also be subject to strict scrutiny.

Previously, the investment list of Alameda Research was exposed, revealing a portfolio of approximately $5.4 billion. Alameda made illiquid investments in over 500 projects, spanning beyond blockchain areas to include drones, indoor agriculture, and more.

Initially, FTX invested $100 million each through its venture capital subsidiary FTX Ventures in the digital bank Dave and Web 3 company Mysten Labs. The situation has since developed.

According to CNBC's report, the U.S. Securities and Exchange Commission (SEC) stated that while the misconduct of Mysten, Dave, SBF, and FTX are not related, these two investments appear to be the first instances of investments made using customer funds.

The SEC mentioned that as the litigation progresses, if the bankruptcy team can confirm that these investments were made from customer funds, there is a possibility of recovering these funds. The source of the $5.4 billion investment portfolio of Alameda will also undergo strict scrutiny.

CEO of Dave, Jason Wilk, stated that they plan to repay the $101.6 million debt principal plus interest by 2026. However, the contract does not specify any obligation for Dave before repayment, and he emphasized that he is not aware of whether FTX or Alameda invested using customer assets.

SBF is scheduled to appear in the U.S. Southern District Court of New York on 1/3, facing charges of two wire frauds and six conspiracy counts, excluding the civil suits filed by the SEC and CFTC.