{"id":24437,"date":"2023-11-01T10:16:42","date_gmt":"2023-11-01T10:16:42","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-and-alameda-research-wallets-send-13-1m-in-crypto-to-exchanges-overnight\/"},"modified":"2023-11-01T10:16:44","modified_gmt":"2023-11-01T10:16:44","slug":"ftx-and-alameda-research-wallets-send-13-1m-in-crypto-to-exchanges-overnight","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-and-alameda-research-wallets-send-13-1m-in-crypto-to-exchanges-overnight\/","title":{"rendered":"FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight"},"content":{"rendered":"
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The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to numerous crypto exchanges as of Nov. 1.<\/p>\n

According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million of The Graph\u2019s GRT (GRT) ($4.85 million), 972,073 Render (RNDR) ($2.3 million) and 708.1 Maker (MKR) ($967,000).<\/p>\n

FTX- and Alameda-linked crypto deposit on Coinbase. Source: SOC<\/em><\/figcaption><\/figure>\n

The wallet addresses of FTX and Alameda Research made another $5.49-million transfer after three hours to Binance and Coinbase. The top three assets with the highest value in this transaction are 1.14 million dYdX (DYDX) ($2.64 million), 192,888 Axie Infinity (AXS) ($1.05 million) and 5,858 Aave (AAVE) ($522,000).<\/p>\n

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#FTX<\/a> and #Alameda<\/a> Research further deposited $5.49M worth of 6 assets $AAVE<\/a>, $ALICE<\/a> $AXS<\/a>, #C98<\/a>, $DYDX<\/a>, $ZRX<\/a>, to #Binance<\/a> and #Coinbase<\/a> ~30 mins ago.<\/p>\n

Top 3 include:
1.14M $DYDX<\/a> ($2.64M)
192,888 $AXS<\/a> ($1.05M)
5,858 $AAVE<\/a> ($522K)<\/p>\n

Overall, #FTX<\/a> and #Alameda<\/a> Research have\u2026 https:\/\/t.co\/Rw0PnalH6G pic.twitter.com\/JPbIXZJPzv<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) November 1, 2023<\/a><\/p><\/blockquote>\n

Related: <\/em><\/strong>FTX\u2019s Sam Bankman-Fried will testify at criminal trial, say defense lawyers<\/em><\/strong><\/p>\n

Prior to the movement of $13.1 million in funds on Nov. 1, crypto analytic firm Nansen flagged several FTX-linked wallet movements over the past week, which saw the deposit of millions in various cryptocurrencies on different crypto exchanges. First, a batch of $8.1 million worth of altcoins was moved to Binance; Nansen estimated that another $24.3 million worth of assets that have left wallets linked to FTX and Alameda were deposited into Binance and Coinbase.<\/p>\n

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Separate from the initial $8.6M moved:<\/p>\n

– 2.2M USD LINK
– 1M USD AAVE
– 2M USD MKR
– 3.4M USD ETH<\/p>\n

We have discovered a further $24.3M that has left wallets linked to FTX and Alameda which has been deposited into Binance and Coinbase<\/p>\n

But that’s not all… pic.twitter.com\/Dru4MysxfQ<\/a><\/p>\n

\u2014 Nansen (@nansen_ai) October 27, 2023<\/a><\/p><\/blockquote>\n

On Oct. 31, FTX linked 1.6 million Solana\u2019s SOL (SOL) tokens worth $56 million that were unstaked and sent to an unknown wallet. Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unknown wallet speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.<\/p>\n

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930k $SOL<\/a> moves from @FTX_Official<\/a> and @AlamedaResearch<\/a> Solana wallets over last 3 days to wallet 5RAHK.<\/p>\n

Is this @novogratz<\/a> wallet at @galaxyhq<\/a> Galaxy Investment Partners? <\/p>\n

930k $SOL<\/a> from FTX and Alameda passed through this wallet to wallets:<\/p>\n

-3ADzk
-5sTQ5
-Ca469
-8CAAy\u2026 pic.twitter.com\/LXecevHUqz<\/a><\/p>\n

\u2014 MartyParty (@martypartymusic) October 31, 2023<\/a><\/p><\/blockquote>\n

Data aggregated by Spotonchain suggests a total of $78 million worth of assets have been sent to crypto exchanges from FTX and Alameda wallets over the past week.<\/p>\n

Total crypto assets sent to exchanges by FTX. Source: SOC<\/em><\/figcaption><\/figure>\n

FTX-linked wallets have continued to send their stash of altcoins to crypto exchanges over the past month after a court-ordered phased liquidation process. The court order permits FTX to sell digital assets worth over $3 billion through an investment adviser in weekly batches in accordance with the pre-established rule.<\/p>\n

The phased-out liquidation process\u00a0will allow FTX to sell $50 million worth of assets weekly, followed by a $100-million cap in the succeeding weeks. The cap can be increased up to $200 million per week with the previous written consent of the creditors\u2019 committee and ad hoc committee after court approval.<\/p>\n

Magazine: <\/em><\/strong>The truth behind Cuba\u2019s Bitcoin revolution: An on-the-ground report<\/em><\/strong><\/p>\n<\/div>\n