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FTX, Alameda Transfer $10.8M Crypto to Binance, Coinbase!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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FTX and Alameda Research have transferred $10.8 million worth of cryptocurrencies to accounts on Binance, Coinbase, and Wintermute using eight different tokens. Blockchain analysis firm Spot On Chain reported that the defunct entities have moved $551 million in 59 different cryptocurrency tokens since October 24. The latest transfer included $2.58 million in StepN GMT, $2.41 million in Uniswap UNI, $1.64 million in Klaytn KLAY, and smaller amounts of other tokens. In October, FTX and Alameda wallets transferred $10 million to a single address, which was then redistributed to Binance and Coinbase accounts. The movement of funds dates back to March, when three wallets associated with FTX and Alameda Research moved $145 million worth of stablecoins to various platforms.  

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