Ethereum

Millions

USDC

Polygon

Avalanche

<ul class="news-points">
 <li><strong>FTX transferred 105K USDC tokens to Wintermute via the Polygon network.</strong></li>
 <li><strong>Alameda Research transferred 2.3 million DAI to Wintermute via Avalanche.</strong></li>
 <li><strong>47K DAI were sent to market maker Cumberland by Alameda Research.</strong></li>
</ul>
<p>Bankrupt crypto exchange FTX and its affiliated trading firm Alameda Research have transferred $2.5 million in stablecoins to crypto market makers Wintermute and Cumberland. Blockchain security platform PeckShield identified the transfers, which were executed using four different addresses and three blockchain networks.</p>
<p>In a post on X (formerly Twitter), PeckShield stated that FTX and Alameda transferred 2.5 million DAI and USDC to the market makers. Specifically, an Alameda wallet transferred 2.3 million DAI to Wintermute via the Avalanche network, while another Alameda wallet sent 47,000 DAI to Cumberland via the Ethereum network.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Alameda</a> / <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FTX</a> -labeled addresses transferred ~2.5m stablecoins (including <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> &amp; <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a>) to #<a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Wintermute</a> &amp; <a href="https://twitter.com/hashtag/Cumberland?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cumberland</a> <a href="https://t.co/dvL5gYicEC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dvL5gYicEC</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1811575840578424841?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2024</a>
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<p>Additionally, FTX transferred 94,000 USDC to Wintermute via the Polygon network, and another transfer …</p>
<p>The post <a href="https://coinedition.com/bankrupt-ftx-sends-millions-in-stablecoins-to-market-makers-liquidity-play-or-arbitrage/" rel="noopener noreferrer nofollow">Bankrupt FTX Sends Millions in Stablecoins to Market Makers: Liquidity Play or Arbitrage?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bankrupt FTX Sends Millions in Stablecoins to Market Makers: Liquidity Play or Arbitrage?

Coin Edition

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