Wallets associated with the now-bankrupt FTX and Alameda Research moved a grand total of $10.8M. According to the blockchain monitoring firm Spot On Chain, wallets related to the exchange moved funds to accounts on Binance, Coinbase, and Wintermute. This deal involved eight separate coins.
According to reports, the companies have allegedly transferred $551M in total among 59 tokens since October 24. A dissection of the most recent $10.8M transfer shows that StepN (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB), and Optimism (OP) were the transferred tokens.
On October 24 and November 1, a similar money trail found payments of $10M and $13.1M to Coinbase and Binance accounts. These transfers had their roots in March 2023, when FTX and Alameda announced their intention to retrieve assets for investors. They did this by dispersing stablecoins valued at $145M to a number of platforms, including Coinbase, Binance, and Kraken.
Even after retrieving more than $5B in cash and liquid cryptocurrency, FTX and Alameda's combined liabilities remain a startling $8.8B, casting doubt on the businesses' financial operations.
