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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.

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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