FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight
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<p>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.</p>
<p>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).</p>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-11/a78af4f2-1745-4b46-9699-f01ce05f29b8.jpg" alt="" title="" /><figcaption><em>FTX- and Alameda-linked crypto deposit on Coinbase. Source: SOC</em></figcaption></figure>
<p>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).</p>
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<p lang="en" dir="ltr"> <a href="https://twitter.com/hashtag/FTX?src=hash&ref_src=twsrc%5Etfw">#FTX</a> and <a href="https://twitter.com/hashtag/Alameda?src=hash&ref_src=twsrc%5Etfw">#Alameda</a> Research further deposited $5.49M worth of 6 assets <a href="https://twitter.com/search?q=%24AAVE&src=ctag&ref_src=twsrc%5Etfw">$AAVE</a>, <a href="https://twitter.com/search?q=%24ALICE&src=ctag&ref_src=twsrc%5Etfw">$ALICE</a> <a href="https://twitter.com/search?q=%24AXS&src=ctag&ref_src=twsrc%5Etfw">$AXS</a>, <a href="https://twitter.com/hashtag/C98?src=hash&ref_src=twsrc%5Etfw">#C98</a>, <a href="https://twitter.com/search?q=%24DYDX&src=ctag&ref_src=twsrc%5Etfw">$DYDX</a>, <a href="https://twitter.com/search?q=%24ZRX&src=ctag&ref_src=twsrc%5Etfw">$ZRX</a>, to <a href="https://twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw">#Binance</a> and <a href="https://twitter.com/hashtag/Coinbase?src=hash&ref_src=twsrc%5Etfw">#Coinbase</a> ~30 mins ago.</p>
<p>Top 3 include:<br />1.14M <a href="https://twitter.com/search?q=%24DYDX&src=ctag&ref_src=twsrc%5Etfw">$DYDX</a> ($2.64M)<br />192,888 <a href="https://twitter.com/search?q=%24AXS&src=ctag&ref_src=twsrc%5Etfw">$AXS</a> ($1.05M)<br />5,858 <a href="https://twitter.com/search?q=%24AAVE&src=ctag&ref_src=twsrc%5Etfw">$AAVE</a> ($522K)</p>
<p>Overall, <a href="https://twitter.com/hashtag/FTX?src=hash&ref_src=twsrc%5Etfw">#FTX</a> and <a href="https://twitter.com/hashtag/Alameda?src=hash&ref_src=twsrc%5Etfw">#Alameda</a> Research have… https://t.co/Rw0PnalH6G <a href="https://t.co/JPbIXZJPzv">pic.twitter.com/JPbIXZJPzv</a></p>
<p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1719538407674962192?ref_src=twsrc%5Etfw">November 1, 2023</a></p></blockquote>
<p><strong><em>Related: </em></strong><strong><em>FTX’s Sam Bankman-Fried will testify at criminal trial, say defense lawyers</em></strong></p>
<p>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.</p>
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<p lang="en" dir="ltr">Separate from the initial $8.6M moved:</p>
<p>– 2.2M USD LINK<br />– 1M USD AAVE<br />– 2M USD MKR<br />– 3.4M USD ETH</p>
<p>We have discovered a further $24.3M that has left wallets linked to FTX and Alameda which has been deposited into Binance and Coinbase</p>
<p>But that’s not all… <a href="https://t.co/Dru4MysxfQ">pic.twitter.com/Dru4MysxfQ</a></p>
<p>— Nansen (@nansen_ai) <a href="https://twitter.com/nansen_ai/status/1717950319307755602?ref_src=twsrc%5Etfw">October 27, 2023</a></p></blockquote>
<p>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 $32 million linked to FTX and Alameda were moved to another unknown wallet speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.</p>
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<p lang="en" dir="ltr">930k <a href="https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw">$SOL</a> moves from <a href="https://twitter.com/FTX_Official?ref_src=twsrc%5Etfw">@FTX_Official</a> and <a href="https://twitter.com/AlamedaResearch?ref_src=twsrc%5Etfw">@AlamedaResearch</a> Solana wallets over last 3 days to wallet 5RAHK.</p>
<p>Is this <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@novogratz</a> wallet at <a href="https://twitter.com/galaxyhq?ref_src=twsrc%5Etfw">@galaxyhq</a> Galaxy Investment Partners? </p>
<p>930k <a href="https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw">$SOL</a> from FTX and Alameda passed through this wallet to wallets:</p>
<p>-3ADzk<br />-5sTQ5<br />-Ca469<br />-8CAAy… <a href="https://t.co/LXecevHUqz">pic.twitter.com/LXecevHUqz</a></p>
<p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1719187582221975558?ref_src=twsrc%5Etfw">October 31, 2023</a></p></blockquote>
<p>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.</p>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-11/e674bf36-fa6c-46cd-a043-dc059dc9fd98.jpg" /><figcaption><em>Total crypto assets sent to exchanges by FTX. Source: SOC</em></figcaption></figure>
<p>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.</p>
<p>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.</p>
<p><strong><em>Magazine: </em></strong><strong><em>The truth behind Cuba’s Bitcoin revolution: An on-the-ground report</em></strong></p>
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<br /><a href="https://cointelegraph.com/news/ftx-alameda-research-wallets-send-13-1-m-crypto-exchanges-overnight">Source link </a></p><p>The post <a href="https://forextraderhub.com/ftx-and-alameda-research-wallets-send-13-1m-in-crypto-to-exchanges-overnight.html">FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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