FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours By Cointelegraph
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Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours from Oct. 24 to 25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.
According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at the time, to another address at 8:18 pm UTC on October 24. This address then sent $3.4 million of the funds to a Binance deposit address and $1.8 million to a Coinbase (NASDAQ:) deposit address. Thirty-nine minutes later, a wallet identified as belonging to Alameda Research sent $95 worth of tokens to this address, including some LINK (LINK), MKR and AAVE (AAVE).
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Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours from Oct. 24 to 25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.
According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at the time, to another address at 8:18 pm UTC on October 24. This address then sent $3.4 million of the funds to a Binance deposit address and $1.8 million to a Coinbase (NASDAQ:) deposit address. Thirty-nine minutes later, a wallet identified as belonging to Alameda Research sent $95 worth of tokens to this address, including some LINK (LINK), MKR and AAVE (AAVE).
Continue Reading on Cointelegraph
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