FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

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FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours
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FTX and Alameda transferred $10 million worth of LINK, MKR, COMP, ETH, and AAVE tokens to a wallet address that subsequently sent them to central exchanges.

According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase.over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.

Thirty-nine minutes later, a wallet identified as belonging to Alameda Research sent $95 worth of tokens to this address, including some Chainlink and Render tokens. At approximately 2:00 am UTC on October 25, this address sent approximately $2 million worth of LINK, $2 million worth of MKR, and $1 million worth of AAVE to a Binance deposit address. The total value of cryptocurrency sent to exchange deposit addresses during this period was $10,362,403, according to Spot on Chain data.

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