In a recent development, wallets associated with defunct cryptocurrency trading firms FTX and Alameda Research orchestrated the transfer of $23.59 million worth of digital assets over four days. The move involved 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL.
Blockchain analytics firm Spot On Chain confirmed the transaction and estimated that the non-existent entity had transferred $591 million since October 24 using 59 different cryptocurrency tokens. . Recent transfers from FTX wallets include 3,150 Ether (ETH) worth $6.8 million, $59.6 million in Aleph.im (ALEPH) worth $6.41 million, $2.48 million in Curve DAO (CRV) tokens, and 990,000 in Avalanche (AVAX). Dollars, Chainlink LINK included $848,000. , especially.
Additionally, assets including Pundi 1INCH, Solana, etc. were transferred to major exchanges such as Binance, Coinbase, OKX, and Galaxy Digital OTC.
This movement of funds follows initial transactions in October and November, with significant amounts being moved to Binance and Coinbase accounts. Recovery efforts by FTX and Alameda Research date back to March, with the goal of recovering assets for investors. Despite recovering over $5 billion in cash and liquid cryptocurrency, the troubled cryptocurrency exchange still has $3.8 billion in outstanding debt.