crypto.news
Firms FTX and Alameda transferred $10.8 million in cryptocurrency to the Wintermute, Binance and Coinbase exchanges.
According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) ($2.41 million), 2.23 million Synapse (SYN) ($2.25 million), 8.76 million Fantom (FTM) ($1.18 million), 77.77b Shiba Inu (SHIB) ($644,000), as well as small amounts of Arbitrum (ARB) and Optimism (OP).
🚨 #FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs:
— Spot On Chain (@spotonchain) December 1, 2023
10M $GMT ($2.58M)
407K $UNI ($2.41M)
5.23M $SYN ($2.25M)
8.76M $KLAY ($1.64M)
3.87M $FTM ($1.18M)
77.77B $SHIB ($644K)
and small amounts of $ARB and $OP.
Note… https://t.co/UZkn8bmQ89 pic.twitter.com/0jb5ZMHvC7
In total, since Oct. 2023, FTX and Alameda have transferred $551 million worth of 59 tokens.
In Nov. 2023, addresses affiliated with the collapsed FTX and Alameda transferred $24 million worth of crypto assets to the Kraken and OKX crypto exchanges.
On Sep. 13, a U.S. court approved a plan to sell FTX’s digital assets to pay off creditor claims. According to the resolution, the exchange must liquidate no more than $100 million worth of tokens per week for each position. However, with the approval of a special committee, the limit can be increased to $200 million, either on a one-time or ongoing basis.
You might also like: FTX approved to sell assets worth $873m for creditor repayment