<ul><li>Reports reveal that substantial funds linked to bankrupt exchanges FTX and Alameda Research have been moved to multiple addresses.</li><li>The transactions involved the movement of LINK ($2.2M), AAVE ($1M), MKR ($2M), and ETH ($3.4M) tokens.</li><li>Binance&#39;s involvement has added the complexity of a potential significant sell-off on the platform.</li></ul>In a significant development within the cryptocurrency sphere, substantial funds linked to the wallets of the now-bankrupt firms FTX and Alameda Research were observed in motion on Wednesday, as reported by on-chain analysis firm Nansen. The transactions involved transfers of the token through multiple addresses, first to the address 0xde9 and then to 0xaee, which is identified as a Binance wallet.According to Nansen, these funds total $2.2 million worth of Chainlink&#39;s LINK, $1 million worth of Aave protocol&#39;s AAVE, $2 million in Maker&#39;s MKR, and a staggering $3.4 million in Ether (ETH). This strategic move has fueled speculation that the assets might be in preparation for a potential sale on the exchange platform.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/93510834b3814b68810392221d433607.png" />The purpose of the transfers mentioned remains uncertain, as cryptocurrency transactions are often shrouded in mystery due to the pseudonymous nature of blockchain technology. However, experts speculate that these large-scale movements could indicate preparation for a sale. It is worth noting that these movements were not limited to a single cryptocurrency but involved a diverse range of assets, which suggests a strategic and calculated approach.Read full article at <a href="https://cryptotale.org/ftx-and-alameda-funds-worth-8-6m-on-the-move-is-binance-preparing-for-a-mega-sell-off/" rel="noopener noreferrer nofollow">CryptoTale.</a>

FTX and Alameda Funds Worth $8.6M on the Move: Is Binance Preparing for a Mega-Sell-Off?

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