Over 4 days, wallets linked to defunct crypto buying and selling companies FTX and Alameda Analysis moved $23.59 million price of digital belongings to high cryptocurrency exchanges.
Blockchain analytics agency Spot On Chain identified the movement, estimating that the defunct entities have transferred $591 million since Oct. 24 using 59 different cryptocurrency tokens.
The wallets linked to FTX spread the latest transfer of $23.59 million across 19 tokens: 3,150 Ether (ETH) worth $6.8 million, 59.6 million Aleph.im (ALEPH) worth $6.41 million, $2.48 million of Curve DAO (CRV) tokens, $990,000 of Avalanche (AVAX) and $848,000 of Chainlink’s (LINK).
#FTX and #Alameda Analysis moved out $23.59M price of 19 belongings to #Binance, #Coinbase, #OKX, #GalaxyDigital OTC up to now 4 days, together with:
3,150 $ETH ($6.8M)
59.6M $ALEPH ($6.41M)
3.60M $CRV ($2.48M)
33,388 $AVAX ($990K)
50,282 $LINK ($848K)
and $6.07M price of 14 different… https://t.co/qnrBHqPpmY pic.twitter.com/dHAXKDGJn7— Spot On Chain (@spotonchain) December 9, 2023
Moreover, $6.07 million in numerous belongings, together with PUNDIX, RSR, DOGE, BCH, CHR, AXS, MATIC, UNI, ORBS, FXS, DOT, GMT, 1INCH, and SOL, had been concerned within the transfers. The FTX wallets moved these belongings to giant exchanges reminiscent of Binance, Coinbase, OKX, and Galaxy Digital OTC.
On Oct. 24, the FTX and Alameda wallets transferred $10 million to a single pockets handle, which was later redistributed to Binance and Coinbase accounts. On Nov. 1, the same transaction occurred between the events involving $13.1 million being moved to Binance and Coinbase accounts.
Associated: FTX to submit revised reorganization plan in mid-December
The funds’ motion dates again to March when FTX and Alameda started recovering belongings for traders. On the time, three wallets related to FTX and Alameda Analysis moved $145 million price of stablecoins to varied platforms, together with Coinbase, Binance and Kraken.
Of the whole, $69.64 million in Tether USDT was moved to custodial wallets on crypto exchanges, whereas the remaining 75.94 million USD Coin USDC was transferred to a Coinbase custodial pockets.
Though the troubled cryptocurrency alternate has recovered greater than $5 billion in money and liquid cryptocurrencies, an extra $3.8 billion in liabilities stay excellent.
Journal: Count on ‘data damaged’ by Bitcoin ETF: Brett Harrison (ex-FTX U.S.), X Corridor of Flame
