The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to numerous crypto exchanges as of Nov. 1.
According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million of The Graph’s GRT (GRT) ($4.85 million), 972,073 Render (RNDR) ($2.3 million) and 708.1 Maker (MKR) ($967,000).
The wallet addresses of FTX and Alameda Research made another $5.49-million transfer after three hours to Binance and Coinbase. The top three assets with the highest value in this transaction are 1.14 million dYdX (DYDX) ($2.64 million), 192,888 Axie Infinity (AXS) ($1.05 million) and 5,858 Aave (AAVE) ($522,000).
#FTX and #Alameda Research further deposited $5.49M worth of 6 assets $AAVE, $ALICE $AXS, #C98, $DYDX, $ZRX, to #Binance and #Coinbase ~30 mins ago.
Top 3 include:
1.14M $DYDX ($2.64M)
192,888 $AXS ($1.05M)
5,858 $AAVE ($522K)Overall, #FTX and #Alameda Research have… https://t.co/Rw0PnalH6G pic.twitter.com/JPbIXZJPzv
— Spot On Chain (@spotonchain) November 1, 2023
Related: FTX’s Sam Bankman-Fried will testify at criminal trial, say defense lawyers
Prior to the movement of $13.1 million in funds on Nov. 1, crypto analytic firm Nansen flagged several FTX-linked wallet movements over the past week, which saw the deposit of millions in various cryptocurrencies on different crypto exchanges. First, a batch of $8.1 million worth of altcoins was moved to Binance; Nansen estimated that another $24.3 million worth of assets that have left wallets linked to FTX and Alameda were deposited into Binance and Coinbase.
Separate from the initial $8.6M moved:
– 2.2M USD LINK
– 1M USD AAVE
– 2M USD MKR
– 3.4M USD ETHWe have discovered a further $24.3M that has left wallets linked to FTX and Alameda which has been deposited into Binance and Coinbase
But that’s not all… pic.twitter.com/Dru4MysxfQ
— Nansen (@nansen_ai) October 27, 2023
On Oct. 31, FTX linked 1.6 million Solana’s SOL (SOL) tokens worth $56 million that were unstaked and sent to an unknown wallet. Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unknown wallet speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.
930k $SOL moves from @FTX_Official and @AlamedaResearch Solana wallets over last 3 days to wallet 5RAHK.
Is this @novogratz wallet at @galaxyhq Galaxy Investment Partners?
930k $SOL from FTX and Alameda passed through this wallet to wallets:
-3ADzk
-5sTQ5
-Ca469
-8CAAy… pic.twitter.com/LXecevHUqz— MartyParty (@martypartymusic) October 31, 2023
Data aggregated by Spotonchain suggests a total of $78 million worth of assets have been sent to crypto exchanges from FTX and Alameda wallets over the past week.
FTX-linked wallets have continued to send their stash of altcoins to crypto exchanges over the past month after a court-ordered phased liquidation process. The court order permits FTX to sell digital assets worth over $3 billion through an investment adviser in weekly batches in accordance with the pre-established rule.
The phased-out liquidation process will allow FTX to sell $50 million worth of assets weekly, followed by a $100-million cap in the succeeding weeks. The cap can be increased up to $200 million per week with the previous written consent of the creditors’ committee and ad hoc committee after court approval.
Magazine: The truth behind Cuba’s Bitcoin revolution: An on-the-ground report
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://cointelegraph.com/news/ftx-alameda-research-wallets-send-13-1-m-crypto-exchanges-overnight
- :has
- :not
- $3
- $UP
- 000
- 1
- 10
- 12
- 14
- 1M
- 27
- 31
- 64M
- 8
- a
- aave
- accordance
- Ad
- addresses
- After
- ago
- Alameda
- ALAMEDA RESEARCH
- All
- allow
- Altcoins
- an
- analysis
- Analytic
- and
- Another
- approval
- ARE
- AS
- Assets
- At
- Axie
- Axie Infinity
- Bankman-Fried
- BE
- been
- behind
- Billion
- binance
- Bitcoin
- Bitcoin Revolution
- by
- CAN
- cap
- chain
- coinbase
- Cointelegraph
- committee
- consent
- Court
- Criminal
- crypto
- crypto exchange
- Crypto exchange FTX
- Crypto Exchanges
- crypto wallets
- crypto-assets
- cryptocurrencies
- data
- Days
- Defense
- deposit
- deposited
- designated
- different
- digital
- Digital Assets
- discovered
- dydx
- estimated
- exchange
- Exchanges
- Firm
- First
- flagged
- followed
- For
- from
- FTX
- funds
- further
- Galaxy
- Galaxy Digital
- Galaxy Investment
- GRT
- Have
- highest
- HOURS
- HTTPS
- in
- include
- increased
- Infinity
- initial
- into
- investment
- ITS
- jpg
- Last
- left
- linked
- Liquidation
- made
- maker
- million
- millions
- Month
- moved
- movement
- movements
- moves
- Nansen
- nov
- now-defunct crypto exchange
- numerous
- Oct
- of
- official
- on
- On-Chain
- On-chain analysis
- order
- over
- overnight
- partners
- passed
- past
- per
- permits
- Phased
- plato
- Plato Data Intelligence
- PlatoData
- previous
- process
- research
- Revolution
- Rule
- s
- Sam
- Sam Bankman-Fried
- saw
- say
- sell
- send
- sent
- several
- sister
- SOL
- Solana
- Source
- Spot
- Stash
- Suggests
- that
- The
- their
- this
- three
- Through
- to
- Tokens
- top
- Total
- Trading
- transaction
- transfer
- transferred
- trial
- truth
- unknown
- USD
- value
- various
- Wallet
- Wallets
- was
- week
- weekly
- Weeks
- were
- which
- will
- with
- worth
- written
- zephyrnet