FTX & Alameda Research: $13M Crypto Transfer Sparks Concerns

The defunct exchange FTX and its affiliated company Alameda Research have shifted over $US13 million in altcoins to various crypto exchanges on November 1, raising eyebrows across the crypto community. Recent on-chain data reveals significant movements of digital assets, prompting questions about the management and potential liquidation of FTX's remaining holdings.

Crypto assets totaling $13.6m were transferred from the accounts of FTX and Alameda Research to the Coinbase and Binance exchanges. This activity has drawn attention from blockchain security firms and industry analysts alike. Monederos de criptomonedas vinculados al desaparecido exchange de criptomonedas FTX y a su empresa comercial hermana, Alameda Research, han enviado más.

Spot On Chain analysts and PeckShield Alert, a blockchain security company, have been closely monitoring these transactions. As Spot On Chain analysts PeckShield Alert blockchain security company has announced on its Twitter handle that it spotted roughly $13 million in crypto transferred to a consolidation-labeled wallet. According to the cryptocurrency-focused security firm PeckShield, around $13 million worth of assets were transferred to Alameda Research’s consolidation wallet. Alameda.

Specifically, data from Spotonchain revealed that the exchange sent a total of $8.12 million worth of cryptocurrencies to Coinbase including 46.5 million of the Graph token (GRT). These large transfers suggest a potential restructuring of FTX's crypto portfolio or preparations for further distributions to creditors. The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to exchanges like Coinbase and Binance.

The movements of these assets will continue to be closely watched as the FTX bankruptcy proceedings unfold.