FTX, Alameda wallets move $38M to exchanges in 37 days
Crypto wallets linked to the FTX exchange and its sister company Alameda Research have sent more than $38.8 million worth of digital assets to multiple crypto exchanges since January 2024.
Data tracked by blockchain analytics firm PeckShield shows that wallets linked to both organizations transferred at least $7 million to the exchange in February. In the year In the year
#PeckShieldAlert #FTX/#Alameda addresses transferred 1K $ETH (value ~$2.3M) to #Coinbase, 54.5K$RLC (~$117.8K), 2.4M $SNT (value ~$90.5K), 6.9K $NMR (value). ~$190K), 618K $OXT (worth ~61K) and 162.5K $POWR (worth ~$48K) to #CoinbasePrime, 103.5K $NEXO (~$90K) to… pic.twitter.com/l9WwjXfgvV
— PeckShieldAlert (@PeckShieldAlert) February 6, 2024
In January, crypto wallets linked to FTX and Alameda moved at least $35 million to exchanges. On January 4, the wallets in Cronos (CRO) transferred $4.1 million to Coinbase. The wallets transferred another $2.4 million in ETH to Coinbase and 200 Wrapped BTC (WBTC) worth $9 million to Binance on January 9.
Later in January, FTX and Alameda moved another $16.3 million to different exchanges. On January 17, addresses linked to the companies sent $8.9 million in Tether Gold (XAUT) to Coinbase and $2.6 million in ETH to Wintermute. Crypto wallets followed by transferring $2.3 million in ETH to Coinbase on January 30, $1.3 million in various altcoins to Binance and $1.28 million to GSR Markets.
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The fund's moves came as the failed exchange announced its restructuring efforts and plans to repay its customers in full. On January 31, the defunct exchange said in a US court hearing that its restructuring plans did not include relaunching the exchange, but focused on paying its customers in full. However, FTX attorney Andy Dietrich said returning customers is a goal, not a guarantee.
Following the hearing, the legal team criticized the reform plan for profiting from the ordeal. In the year On February 4, former US Securities and Exchange Commission official John Reed Stark described the scheme as “highway robbery by highway robbers”.
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