{"id":46702,"date":"2023-03-15T17:08:20","date_gmt":"2023-03-15T21:08:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=46702"},"modified":"2023-03-16T04:33:29","modified_gmt":"2023-03-16T08:33:29","slug":"alameda-linked-wallet-transferring-stablecoins-amid-usdcs-depeg","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/alameda-linked-wallet-transferring-stablecoins-amid-usdcs-depeg\/","title":{"rendered":"Alameda-linked wallet transferring stablecoins amid USDC\u2019s depeg"},"content":{"rendered":"\n

A wallet linked to the liquidators of the Alameda Research estate<\/a> sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets.<\/p>\n\n\n\n

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After that initial transfer, stablecoins worth $188.5 million were once more transferred on March 14 from three other accounts connected to FTX and Alameda to other major exchanges. <\/p>\n\n\n\n

On March 13, over $47 million worth of USDC was sent to GSR Markets. A total of $50.3 million was sent to Cumberland across two transactions, according to on-chain analysis\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> conducted by Arkham Intelligence.<\/p>\n\n\n\n

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After USDC repegged on the 13th, the central Alameda Liquidator holding address transferred almost $100M of stablecoins to market makers.

They transferred $49.9M USDT to Cumberland and deposited $47.3M USDC with GSR. pic.twitter.com\/44CPGOypOs<\/use><\/svg><\/span><\/a><\/p>— Arkham (@arkham) March 15, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

USDC was one of the cryptocurrencies affected by a depeg over the weekend due to banking concerns in the United States. The three top exchanges among those who received funds from the Alameda wallet.<\/p>\n\n\n\n

According to the blockchain detective Lookonchain, three more wallets previously connected to FTX and Alameda sent $188.58 million to the cryptocurrency exchanges Coinbase, Kraken, and Binance<\/a>.<\/p>\n\n\n\n

It is unclear whether the cash are being consolidated by the bankruptcy officials or are being invested to generate a yield. The newly appointed chief executive officer (CEO) of FTX, John J. Ray III, who was paid $690,000 for his first two months in the role, has been considering a variety of measures to make creditors whole since the failure of FTX and Alameda in November.<\/p>\n\n\n\n

Ray declared that “everything is on the table” during an interview with the Wall Street Journal in January. If there is a method to proceed with it, we will not only look into that potential but also put it into practice.<\/p>\n","protected":false},"excerpt":{"rendered":"

A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets. After that initial transfer, stablecoins worth $188.5 million were once more transferred on March 14 from three other accounts connected to FTX and Alameda to other major exchanges. On March 13, […]<\/p>\n","protected":false},"author":43,"featured_media":46704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12475,926,1106],"class_list":["post-46702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alameda-2","tag-stablecoins","tag-usdc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/03\/croc_1678910628886.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=46702"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/46704"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=46702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=46702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=46702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}