Lookonchain, a blockchain analysis firm, reported a sizable movement of digital assets totaling $22 million between FTX and Alameda Research. The transferred cryptocurrencies encompass IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS, and WOO.
Following their bankruptcy announcement, FTX and Alameda Research have strategically managed the cryptocurrency realm by transferring substantial digital asset sums to prominent exchanges. In October 2023, these entities orchestrated significant transactions, amassing a total value of $551 million across 59 distinct tokens.
Their recent maneuver included a $10.8 million transfer across platforms like Wintermute, Binance, and Coinbase, involving eight tokens: StepN’s GMT, Uniswap’s UNI, Synapse’s SYN, Klaytn’s KLAY, Fantom’s FTM, Shiba Inu’s SHIB, along with smaller portions of Arbitrum’s ARB and Optimism’s OP.
On October 24, FTX and Alameda wallets transferred $10 million to a single wallet address, later redistributed to Binance and Coinbase accounts. Another significant transfer of $24 million in cryptocurrency assets occurred on November 14, 2023, moving through Kraken and OKX exchanges.
With a court-approved strategy, FTX and Alameda have been granted the ability to sell digital assets, initially up to $100 million, potentially rising to $200 million upon special committee approval.
