FTX and Alameda transferred $23.59 million in assets to Binance, Coinbase, and OKX.

Over a four-day period, wallets linked to cryptocurrency trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges.

Spot On Chain, a blockchain analytics company After tracking these movements, we estimate that the defunct entity has transferred $591 million using 59 different cryptocurrency tokens since October 24th.

Wallets connected to FTX include a total of 19 tokens, including 3,150 Ether (ETH) worth $6.8 million, Aleph.im (ALEPH) worth $6.41 million ($59.6 million), Curve DAO (CRV) tokens ($2.48 million), and Avalanche ($990,000). Latest transfers of $23.59 million were spread across . (AVAX) and Chainlink (LINK) at $848,000.

#FTX and #alameda Research moved 19 properties worth $23.59 million to: #Binance, #Coinbase, #OKX, #Galaxy Digital OTC in the last 4 days including:

3,150 $ETH ($6.8 million)
59.6M $alef ($6.41 million)
3.60M $CRV ($2.48 million)
33,388 $AVAX ($990,000)
50,282 $LINK ($848,000)
And 14 worth $6.07 million… https://t.co/qnrBHqPpmY pic.twitter.com/dHAXKDGJn7

— Spot on Chain (@spotonchain) December 9, 2023

Also, Pundi (ORBS), Fraxshare (FXS), Polkadot (DOT), STEPN (GMT), Inchi (1INCH), Solana (SOL), etc. participated. The FTX wallet moved these assets to large exchanges such as Binance, Coinbase, OKX, and Galaxy Digital OTC.

On October 24, FTX and Alameda wallets transferred $10 million to a single wallet address, which was later redistributed to Binance and Coinbase accounts. On November 1, a similar transaction occurred between the parties involving $13.1 million being moved to Binance and Coinbase accounts.

Related: FTX expected to submit revised reorganization plan in mid-December

The fund’s moves date back to March, when FTX and Alameda began collecting assets for investors. At the time, three wallets associated with FTX and Alameda Research moved $145 million worth of stablecoins to various platforms, including Coinbase, Binance, and Kraken.

A total of $69.64 million in Tether (USDT) was moved to the cryptocurrency exchange’s managed wallet, and the remaining $75.94 million in USD Coin (USDC) was moved to the Coinbase managed wallet.

The troubled cryptocurrency exchange has recovered more than $5 billion in cash and liquid cryptocurrency, but an additional $3.8 billion in debt remains outstanding.

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