The recent movement of $23.59M was spread across several tokens, which included AVAX, SOL, DOGE, ETH, LINK, ALEPH, UNI, CRV, and MATIC.
Within four days, wallets associated with FTX and Alameda Research, two nonoperational crypto trading companies, transferred digital assets worth $23.59M to major cryptocurrency exchanges.
Blockchain Analysis Reveals FTX and Alameda Moved Funds in Multiple Crypto Tokens
Spot OnChain, a blockchain analytics company, pinpointed the transfer, approximating that since October 24, the nonoperational entities have utilized 59 cryptocurrency tokens to move $591M.
The wallets associated with FTX spread the most recent movement of $23.59M across 19 tokens. They include 2.48M of Curve DAO (CRV) tokens, $848000 of Chainlink’s (LINK), 3150 Ether (ETH)worth $6.8M, $990000 of Avalanche (AVA), and 59.6 million Aleph worth $6.41M.
Further, $6.07M in diverse assets also played a role in the transfers. This included Bitcoin Cash (BCH), Pundix X (PUNDIX), Solana (Sol), Doge (Doge), Solana (SOL), Chromia (CHR), 1inch (1Inch), Axie Infinity (AXS), Polkadot (DOT), Uniswap (UNI), STEPN (GMT), Frax Share (FXS), Reserve Rights (RSR), and Orbs (ORBS).
FTX and Alameda Wallets Moving Funds to Coinbase
On October 24, Alameda and FTX wallets moved $10M to one wallet address, which was afterwards reallocated to Coinbase and Binance accounts. On November 1, a related transaction involving the movement of $13.1M to Coinbase and Bitcoin happened. The fund’s transfer started in March when Alameda and FTX started recouping assets for investors.
At that time, the two moved stablecoins worth $145M to different platforms, which included Kraken, Coinbase, and Binance. $75.94M in USD Coin (USDC) was moved to a Coinbase custodial wallet, while $69.64M in Tether (USDT ) was transferred to custodial wallets on crypto exchanges.
Despite the besieged cryptocurrency exchange recouping more than $5B in cash and liquid cryptocurrencies, an additional $3.8B in liabilities are still pending. Nonetheless, the leadership steering the FTX targets maximizing recovery before the potential restoration of FTX.