FTX and Alameda Research have transferred $10.8 million worth of cryptocurrencies to accounts on Binance, Coinbase, and Wintermute using eight tokens.
According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) ($2.41 million), 2.23 million Synapse (SYN) ($2.25 million), 8.76 million Fantom (FTM) ($1.18 million), 77.77b Shiba Inu (SHIB) ($644,000), as well as small amounts of Arbitrum (ARB) and Optimism (OP).
FTX and Alameda have transferred $551 million worth of 59 tokens since October 2023. Addresses connected to the defunct FTX and Alameda moved $24 million in cryptocurrency holdings to the Kraken and OKX exchanges in November 2023.
A U.S. court authorized FTX’s proposal to sell its digital assets in order to settle creditor claims on September 13. The resolution states that any position on the exchange must have a weekly token liquidation of no more than $100 million.
Nonetheless, the cap may be raised to $200 million on a one-time or continuous basis with the consent of a special committee.
