FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

The crypto wallets linked to now-defunct crypto speech FTX and its sister trading steadfast Alameda Research person sent implicit $13 cardinal successful antithetic altcoins to galore crypto exchanges aboriginal connected Nov. 1.

According to information from on-chain investigation steadfast Spotonchain, the FTX wallet archetypal transferred $8.12 cardinal worthy of altcoins to Coinbase. The assets see 46.5 cardinal GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000).

FTX and Alameda linked crypto deposit connected Coinbase. Source: SOC

The wallet addresses of FTX and Alameda Research made different $5.49 cardinal transportation aft 3 hours to Binance and Coinbase. The apical 3 assets with the highest worth successful this transaction see 1.14 cardinal DYDX ($2.64 million), 192,888 AXS ($1.05 million), and 5,858 AAVE ($522,000).

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Prior to the $13.1 cardinal funds question connected Nov.1, crypto analytic steadfast Nansen has flagged respective FTX-linked wallet movements implicit the past week, which saw the deposit of millions successful assorted cryptocurrencies connected antithetic crypto exchanges. First, a batch of $8.1 cardinal worthy of altcoins was moved to Binance; Nansen estimated that different $24.3 cardinal worthy of assets that person near wallets linked to FTX and Alameda were deposited into Binance and Coinbase.

On Oct. 31, FTX linked 1.6 cardinal Solana (SOL) tokens worthy $56 cardinal that were unstacked and sent to an chartless wallet. Another 930,000 SOL worthy $32 cardinal linked to FTX and Alameda were moved to different chartless wallet speculated to beryllium linked to Galaxy Digital, the authoritative steadfast designated for the liquidation process.

Data aggregated by Spotonchain suggests a full of $78 cardinal worthy of assets person been sent to crypto exchanges from FTX and Alameda wallet implicit the past week.

Total crypto assets sent to exchanges by FTX. Source: SOC

FTX-linked wallets person continued to nonstop their stash of altcoins to crypto exchanges implicit the past period aft a court-ordered phased-out liquidation process. The tribunal bid permits FTX to merchantability integer assets worthy implicit $3 cardinal done an concern advisor successful play batches successful accordance with the pre-established rule.

The phased-out liquidation process would let FTX to merchantability $50 cardinal worthy of assets weekly, followed by a $100 cardinal headdress successful the succeeding weeks. The headdress tin beryllium accrued up to $200 cardinal per week with the erstwhile written consent of the creditors’ committee and advertisement hoc committee aft tribunal approval.

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