Aave

Compound

Render

Chainlink

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 According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase.
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<div class="cointelegraph">
 <p>Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.</p>
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  <p lang="en" dir="ltr">#FTX and #Alameda related addresses are depositing tokens to <a rel="noopener noreferrer nofollow" title="exchanges" href="https://thebittimes.com/tag/exchanges.html">exchanges</a>!<br><br>Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred <br><br>2,904 $ETH ($5.21M)<br>1,341 $MKR ($2.01M)<br>11,975 $AAVE ($1.02M)<br>198,807 $LINK ($2.27M) <br><br>to #Binance&nbsp;and #Coinbase in the past 5 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a>.… pic.twitter.com/MQxCySp8g0</p>— Spot On Chain (@spotonchain) October 25, 2023
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 <p>According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at the time, to address 0xde9a61c2b776e2f4c6ddb0c9ad5ccfcfc15b0a9b at 8:18 pm UTC on October 24. This address sent $3.4 million of the funds to a Binance deposit address and $1.8 million to a Coinbase deposit address. Thirty-nine minutes later, a wallet identified as belonging to Alameda Research sent $95 worth of tokens to this address, including some Chainlink (LINK), MakerDAO (MKR), and Aave (AAVE) tokens.</p>
 <p><em><strong>Related: </strong><strong>FTX’s Sam Bankman-Fried will testify at criminal trial, say defense lawyers</strong></em></p>
 <p>Over the next five <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a>, an additional $5 million worth of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency was sent into this address by FTX and Alameda <a rel="noopener noreferrer nofollow" title="wallets" href="https://thebittimes.com/tag/wallets.html">wallets</a>, including some Compound (COMP) and Render (RNDR) tokens. At approximately 2:00 am UTC on October 25, this address sent approximately $2 million worth of LINK, $2 million worth of MKR, and $1 million worth of AAVE to a Binance deposit address. The total value of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency sent to <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> deposit addresses during this period was $10,362,403, according to Spot on Chain data.</p>
 <p>On September 13, a Delaware Bankruptcy Court approved a plan to liquidate $3.4 billion worth of crypto assets that FTX and Alameda Research held. The announcement sparked fears that liquidating such a large amount of crypto may cause a slump in the market. However, experts have argued that the gradual, phased nature of the liquidation should limit its influence on the market.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-and-alameda-linked-wallets-transfer-10m-of-crypto-to-exchanges-in-just-5-hours-tbt67777.html">https://thebittimes.com/ftx-and-alameda-linked-wallets-transfer-10m-of-crypto-to-exchanges-in-just-5-hours-tbt67777.html</a></p>

FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

TheBitTimes

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