Impact

Million

<p>The post <a href="https://coinpedia.org/news/ftx-and-alamedas-ongoing-crypto-asset-liquidation-22-million-transferred/">FTX &amp; Alameda’s Asset Liquidation: $22M Transferred!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Lookonchain, a respected blockchain analysis firm, recently revealed that cryptocurrency giants FTX and <a href="https://coinpedia.org/crypto-live-news/ftx-alameda-transfer-10-8m-crypto-to-binance-coinbase/">Alameda Research</a> are once again on the move, orchestrating a significant transfer of digital assets totaling a whopping $22 million. The mix includes various cryptocurrencies like $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO.</p> 
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   <p lang="en" dir="ltr">Today <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw">#FTX</a>/<a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw">#Alameda</a> transferred ~$22M assets again, including:<br><br>6.26M <a href="https://twitter.com/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IMX</a>($9.12M)<br>20M <a href="https://twitter.com/search?q=%24GMT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GMT</a>($5.29M)<br>1,643 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($3.43M)<br>441,425 UNI($2.69M)<br>77.77B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a>($652K)<br>102,651 <a href="https://twitter.com/search?q=%24BAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BAL</a>($389K)<br>2.24M <a href="https://twitter.com/search?q=%24LOOKS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LOOKS</a>($261K)<br>801,893 <a href="https://twitter.com/search?q=%24WOO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WOO</a>($179K) <a href="https://t.co/VUqWBiNj5G">pic.twitter.com/VUqWBiNj5G</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1730781152875876645?ref_src=twsrc%5Etfw">December 2, 2023</a>
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<p>What’s brewing? Read on!</p> 
<h2 class="wp-block-heading" id="h-breaking-down-the-crypto-mix">Breaking Down the Crypto Mix</h2> 
<p>The Lookonchain tweet <a href="https://etherscan.io/address/0xcef8b4c5351b54235ef25abfe528575922de4003">detailed</a> the assets moved in this transaction:</p> 
<ul> 
 <li>6.26M $IMX, valued at $9.12M</li> 
 <li>20M $GMT, worth $5.29M</li> 
 <li>1,643 $ETH, totaling $3.43M</li> 
 <li>441,425 UNI, equating to $2.69M</li> 
 <li>77.77B $SHIB, amounting to $652K</li> 
 <li>102,651 $BAL, valued at $389K</li> 
 <li>2.24M $LOOKS, worth $261K</li> 
 <li>801,893 $WOO, totaling $179K</li> 
</ul> 
<p>This diverse array of cryptocurrencies highlights FTX and Alameda’s extensive holdings across the digital asset spectrum.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ftx-and-alameda-liquidate-10-8-million-in-crypto-to-binance-coinbase-and-wintermute/">FTX and Alameda Liquidate $10.8 Million in Crypto to Binance, Coinbase, and Wintermute</a></p> 
<h2 class="wp-block-heading" id="h-ftx-and-alameda-s-moves">FTX and Alameda’s Moves </h2> 
<p>Since declaring bankruptcy, <a href="https://coinpedia.org/price-prediction/ftx-ftt-price-prediction/">FTX</a> and Alameda Research have been navigating the crypto landscape, transferring substantial sums to major exchanges. Since October 2023, they’ve executed mind-boggling moves, totaling $551 million across 59 different tokens. Their latest performance, a transfer of $10.8 million, unfolded on the stages of Wintermute, Binance, and Coinbase.</p> 
<p>On November 14, 2023, another crescendo echoed as $24 million in crypto assets resonated through Kraken and OKX exchanges. A U.S. court-approved plan now grants them the power to sell digital assets weekly, up to $100 million, with the potential to increase to $200 million, subject to special committee approval.</p> 
<p>The initial notes of this financial symphony played in March 2023 when $145 million in stablecoins were deftly moved to platforms like Coinbase, Binance, and Kraken.</p> 
<h2 class="wp-block-heading" id="h-a-massive-balancing-act">A Massive Balancing Act</h2> 
<p>Despite reclaiming over $5 billion in assets, FTX faces a daunting reality with liabilities exceeding $8.8 billion. This stark financial distress is laid bare as FTX and Alameda’s ongoing liquidations unfold, signaling a titanic struggle to settle massive debts while offering a glimmer of relief to creditors. </p> 
<p>Also Read: <a href="https://coinpedia.org/news/ftxs-potential-relaunch-implications-for-ftt-token-investors/">FTX’s Potential Relaunch: Implications for FTT Token Investors</a></p> 
<p>The final notes of this liquidation saga remain shrouded in uncertainty, leaving the crypto community eagerly awaiting the resolution of this financial symphony.</p>

FTX & Alameda’s Asset Liquidation: $22M Transferred!

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