TechFlow news, according to CoinDesk citing sources, Modulo Capital, a multi-strategy hedge fund founded by three former Jane Street traders, had received a $400 million loan from Alameda Research. The firm is headquartered in Albany, Bahamas (Albany being the luxury apartment complex where SBF and other FTX and Alameda employees resided). Founded in early 2022, Modulo focuses on trading both cryptocurrencies and traditional financial assets, and had engaged in fundraising with several traditional financial institutions prior to making Alameda its sole investor.
Notably, SBF and former Alameda Research CEO Caroline Ellison both previously worked at Jane Street before entering the crypto industry. Original link
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