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 <p class="is-style-lead">Firms from Sam Bankman-Fried’s bankrupt empire, FTX and Alameda Research, reportedly <a rel="noopener noreferrer nofollow" title="transferred" href="https://thebittimes.com/tag/transferred.html">transferred</a> $24 million worth of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets to the Kraken and OKX <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchanges.</p>
 <p>FTX‘s strategy to convert digital assets into cash was another attempt to stabilize its financial position after filing for bankruptcy.</p>
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    <p lang="en" dir="ltr">[Updated] #FTX further deposited $24M worth of 3 assets to #Kraken, and #OKX in the past 5 hours:<br><br>250K $SOL ($13.5M)<br>8.27M $MATIC ($7.41M)<br>1,500 $ETH ($3.1M)<br><br>Overall, as of Nov 14, #FTX and #Alameda have <a rel="noopener noreferrer nofollow" title="transferred" href="https://thebittimes.com/tag/transferred.html">transferred</a> out $438M worth of 42 assets to exchanges.<br><br>Currently, #FTX… https://t.co/5dQextvsLY pic.twitter.com/1EaSFdUFlC</p>— Spot On Chain (@spotonchain) November 14, 2023
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 <p>In total, firms <a rel="noopener noreferrer nofollow" title="transferred" href="https://thebittimes.com/tag/transferred.html">transferred</a> 250,000 Solana (SOL) ($13.5 million), 8.27 million Polygon (MATIC) ($7.41 million), and 1,500 Ether (ETH) ($3.1 million) to exchanges.</p>
 <p>As of Nov. 14, the total value of assets <a rel="noopener noreferrer nofollow" title="transferred" href="https://thebittimes.com/tag/transferred.html">transferred</a> by FTX and Alameda to various exchanges is a staggering $438m, spread across 42 different tokens.</p>
 <p>Against such impressive transfers, FTX liquidity is shrinking: only 3,408 SOL ($179,000) remains in cold storage. However, a huge cache of 42.2 million SOL ($2.19 billion) remains locked and will be gradually unfrozen from next year until 2027 or 2028.</p>
 <p>Amid the movement of assets, the price of SOL fell 6.90% over the past 24 hours, to $54.47. MATIC, on the contrary, increased by 8.47% to $0.9622. The price of ETH remained virtually unchanged, falling only 0.43% (to $2,049.70 over the last 24 hours).</p>
 <p>In early November, analysts said that FTX and Alameda moved addresses worth $50.5 million onto various exchanges. From Oct. 24 to Nov. 8, FTX and Alameda Research moved 36 assets worth $350 million, according to Spot On Chain calculations.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-and-alameda-transferred-24m-in-crypto-kraken-and-okx-tbt70213.html">https://thebittimes.com/ftx-and-alameda-transferred-24m-in-crypto-kraken-and-okx-tbt70213.html</a></p>

FTX and Alameda transferred $24m in crypto Kraken and OKX

TheBitTimes

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