CDS Crypto News FTX and Alameda Research Liquidate 10.8M dollars, Channeling Funds to Binance, Coinbase, and Wintermute
Crypto News

FTX and Alameda Research Liquidate 10.8M dollars, Channeling Funds to Binance, Coinbase, and Wintermute

The latest transfer was spread across eight tokens: StepN (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB) and Optimism (OP).

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Ftx And Alameda Research Liquidate 10.8M Dollars, Channeling Funds To Binance, Coinbase, And Wintermute

Wallets affiliated with defunct cryptocurrency trading firms FTX and Alameda Research have orchestrated a transfer of $10.8 million to accounts held at Binance, Coinbase, and Wintermute, utilizing eight different cryptocurrencies.

FTX and Alameda Research Liquidate 10.8M dollars, Channeling Funds to Binance, Coinbase, and Wintermute

Spot On Chain, a blockchain analysis firm, detected and reported on this movement, estimating that since October 24, the inactive entities have shifted a total of $551 million across 59 different cryptocurrency tokens. The recent $10.8 million transfer involved 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, and smaller amounts of Arbitrum’s ARB and Optimism’s OP.

Notably, on October 24, wallets associated with FTX and Alameda Research executed a $10 million transfer to a single wallet address, subsequently redistributing the funds to accounts on Binance and Coinbase. A similar transaction occurred on November 1, involving a transfer of $13.1 million to Binance and Coinbase accounts. The timeline of fund movements traces back to March, when FTX and Alameda initiated the asset recovery process for investors. During this period, three wallets linked to FTX and Alameda Research moved $145 million worth of stablecoins to various platforms, including Coinbase, Binance, and Kraken.

Ftx And Alameda Research Liquidate 10.8M Dollars, Channeling Funds To Binance, Coinbase, And Wintermute
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Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

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