FTX and Alameda Move an Additional 22M Dollars in Crypto Assets

Lookonchain, a blockchain analysis firm, has reported that major players in the cryptocurrency space, FTX and Alameda Research, are actively involved in a significant transfer of digital assets, totaling an impressive $22 million. The diverse array of cryptocurrencies involved in this transfer includes $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO.

FTX and Alameda Move an Additional 22M Dollars in Crypto Assets

Despite their recent bankruptcy declaration, FTX and Alameda Research have been strategically navigating the cryptocurrency landscape, orchestrating substantial transfers to prominent exchanges. Since October 2023, the companies have executed noteworthy transactions, accumulating a total value of $551 million across 59 different tokens. In their latest move, a transfer of $10.8 million occurred on platforms such as Wintermute, Binance, and Coinbase, involving eight tokens: $2.58 million in StepN’s GMT, $2.41 million in Uniswap’s UNI, $2.25 million in Synapse’s SYN, $1.64 million in Klaytn’s KLAY, $1.18 million in Fantom’s FTM, $644,000 in Shiba Inu’s SHIB, and smaller amounts of Arbitrum’s ARB and Optimism’s OP.

Notable transactions include a $10 million transfer to a single wallet address on Oct. 24, subsequently redistributed to Binance and Coinbase accounts. On Nov. 14, 2023, another peak was reached as $24 million in cryptocurrency assets echoed across Kraken and OKX exchanges. Empowered by a U.S. court-approved plan, FTX and Alameda Research can now sell digital assets, initially up to $100 million, with the possibility of an increase to $200 million pending special committee approval.