1 year ago
Alameda Research reportedly withdrew the astir funds from FTX US, the U.S. limb of FTX, days earlier the crypto speech filed for bankruptcy. The bulk of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda whitethorn person been operating to span betwixt the 2 entities,” crypto quality steadfast Arkham said.
Alameda’s Withdrawal Analysis From FTX US exchange
Crypto quality steadfast Arkham shared an investigation Friday showing that Alameda Research withdrew the astir funds from FTX US, the U.S. limb of FTX, days earlier the crypto speech collapsed. Arkham tweeted:
Arkham analyzed flows from FTX US successful the last fewer days earlier the collapse, uncovering that Alameda withdrew the astir funds, astatine $204M.
Arkham added that it has identified 8 antithetic addresses wherever Alameda Research transferred the crypto assets it withdrew. The crypto quality steadfast noted that of the $204 million:
$142.4M (69.8% of the total) was sent to wallets owned by FTX International, suggesting that Alameda whitethorn person been operating to span betwixt the 2 entities.
After Nov. 6, Alameda lone withdrew USD stablecoins, wrapped BTC, and ether from FTX US. Moreover, of the $204 cardinal withdrawn, $38.06 cardinal was successful BTC (18.7%), $49.39 cardinal was successful ETH (24.2%), and $116.52 cardinal was successful USD-denominated stablecoins (57.1%).
“The withdrawn wBTC was sent to the Alameda WBTC Merchant wallet, and past bridged successful its entirety to the BTC blockchain,” Arkham detailed, adding that of the ETH withdrawn, $35.52 cardinal was sent to FTX and $13.87 cardinal was sent to a ample progressive trading wallet. The crypto quality steadfast noted:
The USD-stable tokens were divided amongst USDT, USDC, BUSD, and TUSD.
Arkham further shared that $10.04 cardinal successful USDT was sent to Binance and $32.17 cardinal successful USDT was swapped to USDC and sent to FTX. In addition, $47.379 cardinal successful USDT, $10.151 cardinal successful USDC, $16.285 cardinal successful BUSD, and $500K successful TUSD were sent to FTX.
FTX and astir 130 affiliated companies, including FTX US and Alameda Research, filed for Chapter 11 bankruptcy connected Nov. 11. John J. Ray, III, who replaced Sam Bankman-Fried (SBF) arsenic the CEO of the FTX group, told the bankruptcy court: “Never successful my vocation person I seen specified a implicit nonaccomplishment of firm controls and specified a implicit lack of trustworthy fiscal accusation arsenic occurred here.”
What bash you deliberation astir Alameda withdrawing $204 cardinal from FTX US days earlier the crypto speech collapsed? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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