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In liquidation? FTX, Alameda have transferred nearly $30 million in crypto assets

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In liquidation? FTX, Alameda have transferred nearly $30 million in crypto assets

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FTX and Alameda Transfer Another $3 Million to Exchange

On the morning of 10/26, on-chain analysis by Inca revealed that FTX and Alameda wallets transferred approximately $3 million in cryptocurrency assets, with the recipient being market maker Wintermute's wallet on the exchange:

  • 21,967 COMP tokens worth about $1 million

  • 974,270 RNDR tokens worth about $2 million

470,000 SOL Tokens Transferred

PeckShieldAlert also noted that FTX transferred 470,000 SOL tokens worth around $15 million in the early hours of the 26th, with some already moved to exchanges such as Binance.

FTX Transfers Nearly $30 Million in Cryptocurrency Assets

On the 25th, FTX and Alameda wallets had already transferred around $10 million in cryptocurrency assets to Binance and Coinbase, totaling nearly $30 million in recent transfers.

On-chain analysis firm ARKHAM pointed out that the recipient is once again Wintermute's wallet on the exchange:

  • 2,904 ETH tokens worth about $5.18 million

  • 1,341 MKR tokens worth about $2.02 million

  • 11,974 AAVE tokens worth about $1.03 million

  • 198,804 LINK tokens worth about $2.26 million

Is this the optimal time for liquidation? FTX transfers around $10 million in cryptocurrency assets to Binance, Coinbase

Previously reported, in September, a U.S. bankruptcy court ruled that FTX could liquidate up to $200 million in cryptocurrency assets per week or use pledging and hedging of its holdings to repay creditors.

However, at that time, the approved liquidator was Galaxy Digital, not the recent recipient of assets, Wintermute.

U.S. court approves FTX asset sales, FTX legal team: The faster, the better