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<ul>
 <li>As reported by PeckShieldAlert on October 26, an address tagged as a cold storage for FTX on Solana recently transferred a massive 470,000 SOL tokens worth $15 million.</li>
 <li>As of the time of writing, Wintermute Trading had received over $10.49 million worth of crypto transfers from addresses associated with FTX.</li>
 <li>Following FTX’s bankruptcy, the now-insolvent crypto exchange has stated that it moved all remaining funds to cold wallets to minimize losses after a series of unauthorized transactions.</li>
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<p><strong>The recent Solana (SOL) transfers made by the bankrupt crypto exchange FTX are drawing attention: Is FTX selling its holdings of these tokens?</strong></p>
<h2 id="strong-ftx-conducts-solana-sol-transfers-strong"><strong>FTX Conducts Solana (SOL) Transfers</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-130194" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="FTX" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/FTX.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>As reported by PeckShieldAlert on October 26, an address associated with FTX on Solana, labeled as cold storage, recently transferred a massive 470,000 SOL tokens worth $15 million. Some of the withdrawn funds were sent to centralized exchanges (CEX) like Binance and Coinbase.</p>
<p>Additionally, another cold storage tagged address for FTX on Ethereum transferred assets worth $2.5 million, including cryptocurrencies like COMP and RNDR, to Wintermute, a prominent global algorithmic trading firm.</p>
<p>As of the time of writing, Wintermute Trading had received over $10.49 million worth of crypto transfers from addresses associated with FTX. These transfers mainly included assets like ETH, MKR, LINK, AAVE, COMP, and RNDR, and a significant portion of them were deposited to Wintermute’s custodial addresses via centralized exchanges like Binance and Coinbase.</p>
<p>The deposit actions appear to align with the recent price increases experienced by cryptocurrencies like ETH, SOL, LINK, and AAVE. SOL has seen a surprising 4.30% increase in the last 24 hours.</p>
<h2 id="strong-ftx-relaunches-crypto-venture-strong"><strong>FTX Relaunches Crypto Venture</strong></h2>
<p>FTX went bankrupt last year due to a liquidity crisis involving its native token, FTT, which caused a stir in the crypto world. Following FTX’s bankruptcy, the now-insolvent crypto exchange stated that it moved all remaining funds to cold wallets to minimize losses after a series of unauthorized transactions. Subsequently, the company made progress towards revitalizing the exchange.</p>
<p>FTX’s newly appointed CEO, John J. Ray III, revealed earlier this year that bankruptcy administrators proposed a new plan aimed at revitalizing the exchange. The exchange is progressing with the aim of presenting a concrete plan for the revival of the platform by December.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bankrupt-ftx-exchange-makes-solana-transfers-there-may-be-alarm-bells-for-sol-token/">Bankrupt FTX Exchange Makes Solana Transfers: There May Be Alarm Bells for SOL Token!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Bankrupt FTX Exchange Makes Solana Transfers: There May Be Alarm Bells for SOL Token!

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