Alameda wallets resurrect to transfer FTT in the millions

Wallets linked to now-bankrupt Alameda Research became progressive again connected Feb. 7, transferring retired millions worthy of FTX exchange’s autochthonal token, FTX Token (FTT). The Alameda wallet enactment station FTX bankruptcy filing has been a large concern for the crypto community, with galore questioning the merits of the instrumentality enforcement agencies and however these wallets are being accessed.

The Alameda code 'brokenfish.eth' transferred astir $2 cardinal worthy of FTT tokens from BentoBox astute declaration connected Sushiswap. The astute declaration successful question serves arsenic the cardinal vault for the full Sushi ecosystem. Former FTX CEO Sam Bankman-Fried has a past with Sushiswap that dates backmost to 2020 erstwhile helium took implicit the protocol from erstwhile apical developer Chef Nomi.

Alameda Research 4 wallet bought much than 1 cardinal FTT (roughly worthy $2.3 m) successful the scope of $1.86 - $1.87. In summation to transferring 35,000 FTT to Abracadabra workplace yield, they person not seen them determination the money retired of the wallet. The wallet besides opened a indebtedness presumption connected Abracadabra, presently mortgaging 73K FTT and $31,000.

Movement of FTT tokens from Alameda wallets. Source: Etherscan

Many linked the question of funds to the ongoing bankruptcy proceedings and believed the money movements were sanctioned by John Ray III, the court-appointed CEO of FTX. Ray III has made nary concealed of his tendency to prehend power of the exchange's assets and those of its subsidiaries successful bid to wage disconnected its debts. On January 17, FTX announced that it had discovered over $5.5 cardinal successful liquid assets passim its investigations, with much than $3 cardinal owing to its apical 50 debtors.

Related: Hodlnaut works with imaginable buyers to merchantability steadfast and FTX claims: Report

This was not the archetypal lawsuit successful January erstwhile Alameda-linked wallets saw the question of funds, archetypal connected Feb. 2, Blockchain information steadfast PeckShield alerted that “Alameda Consolidation” received $13 cardinal worthy of crypto assets from 3 antithetic wallets.

#PeckShieldAlert ～$13M worthy of cryptos person been transferred to Alameda consolidation-labeled address, including ~6M $USDT & 1,545 $ETH ($2.5M) from Bitfinex, ~4.6M $USDC from 0x7889
Wondering wherefore Bitfinex transferred ~$8.5M worthy of cryptos to Alameda consolidation code pic.twitter.com/YU8RNcrdxs

— PeckShieldAlert (@PeckShieldAlert) February 2, 2023

The archetypal is owned by the world's largest cryptocurrency exchange, Bitfinex. It sent astir 6 cardinal USDT and 1,545 ether (ETH), totalling astir $8.5 million. The different unidentified individuals transferred astir $6 cardinal successful USDC to the Alameda Consolidation address.