{"id":70732,"date":"2024-02-06T06:58:48","date_gmt":"2024-02-06T10:58:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=70732"},"modified":"2024-02-06T06:59:21","modified_gmt":"2024-02-06T10:59:21","slug":"ftx-alameda-linked-wallets-transfer-38-8m-worth-of-digital-assets","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ftx-alameda-linked-wallets-transfer-38-8m-worth-of-digital-assets\/","title":{"rendered":"FTX, Alameda-Linked Wallets Transfer $38.8M Worth of Digital Assets"},"content":{"rendered":"\n

Since January 2024, cryptocurrency wallets associated with the defunct FTX exchange<\/a> and its subsidiary, Alameda Research, have transferred over $38.8 million of digital assets to multiple other cryptocurrency exchanges.<\/p>\n\n\n\n

\"FTX,
FTX, Alameda-Linked Wallets Transfer $38.8M Worth of Digital Assets<\/figcaption><\/figure>\n\n\n\n

Wallets affiliated with both organizations transferred a minimum of $7 million to exchanges in February, according to data tracking by blockchain analytics firm PeckShield. <\/p>\n\n\n\n

On February 4, the addresses transferred approximately $1.1 million in Ton (TON) and Fantom to FalconX and Wintermute and $2.6 million in Ether to Coinbase. Coinbase, Coinbase Prime\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, FalconX, and Binance received a minimum of $3.3 million worth of assets from the cryptocurrency wallet addresses on February 6.<\/p>\n\n\n\n

\n

#PeckShieldAlert<\/use><\/svg><\/span><\/a> #FTX<\/use><\/svg><\/span><\/a>\/#Alameda<\/use><\/svg><\/span><\/a> addresses transferred 1K $ETH<\/use><\/svg><\/span><\/a> (worth ~$2.3M) to #Coinbase<\/use><\/svg><\/span><\/a>, 54.5K $RLC<\/use><\/svg><\/span><\/a> (worth ~$117.8K), 2.4M $SNT<\/use><\/svg><\/span><\/a> (worth ~$90.5K), 6.9K $NMR<\/use><\/svg><\/span><\/a> (worth ~$190K), 618K $OXT<\/use><\/svg><\/span><\/a> (worth ~$61K) and 162.5K $POWR<\/use><\/svg><\/span><\/a> (worth ~$48K) to #CoinbasePrime<\/use><\/svg><\/span><\/a>, 103.5K $NEXO<\/use><\/svg><\/span><\/a> (worth ~$90K) to\u2026 pic.twitter.com\/l9WwjXfgvV<\/use><\/svg><\/span><\/a><\/p>— PeckShieldAlert (@PeckShieldAlert) February 6, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The cryptocurrency wallets associated with FTX and Alameda transferred a minimum of $35 million to exchanges in January. The wallets transferred $4.1 million in Cronos to Coinbase on January 4. On January 9, the accounts transferred $2.4 million in ETH to Coinbase and 200 Wrapped BTC (WBTC) to Binance for $9 million.<\/p>\n\n\n\n

\"\"
Movement of funds from FTX and Alameda wallets in January. Source: PeckShield\u00a0<\/figcaption><\/figure>\n\n\n\n

FTX and Alameda transferred an additional $16.3 million to multiple exchanges later in January. Addresses associated with the organizations moved $2.6 million in ETH to Wintermute and $8.9 million in Tether Gold (XAUT) to Coinbase on January 17.<\/p>\n\n\n\n

The crypto addresses subsequently transferred $1.3 million in various altcoins to Binance, $2.3 million in ETH to Coinbase, and $1.28 million to GSR Markets on January 30.<\/p>\n\n\n\n

Fund movements occurred amid the defunct exchange's reorganization initiatives and the disclosure of its intentions to reimburse its customers. In a U.S. court hearing on January 31, the defunct exchange stated that its reorganization objectives would not involve re-establishing the exchange but rather the complete repayment of its customers. Andy Dietderich, an attorney for FTX, noted that customer repayment was merely an objective and not a guarantee.<\/p>\n\n\n\n

In the wake of the hearing, the restructuring plan was subject to criticism, with some highlighting the financial gains achieved by the legal team during the ordeal. John Reed Stark, a former United States Securities and Exchange Commission<\/a> official, characterized the scheme on February 4 as a “highway robbery of highway robbers.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Since January 2024, cryptocurrency wallets associated with the defunct FTX exchange and its subsidiary, Alameda Research, have transferred over $38.8 million of digital assets to multiple other cryptocurrency exchanges. Wallets affiliated with both organizations transferred a minimum of $7 million to exchanges in February, according to data tracking by blockchain analytics firm PeckShield. On February […]<\/p>\n","protected":false},"author":12,"featured_media":34389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[5671,1670,1526,778],"class_list":["post-70732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-cryptocurrency-exchange-2","tag-alameda-research","tag-digital-assets","tag-ftx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-201.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70732","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=70732"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/34389"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=70732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=70732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=70732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}