Skip to content

FTX and Alameda Research Transfer $23.59M in Assets to Top Exchanges

FTX and Alameda Research, defunct crypto trading firms, move $23.59 million in digital assets across 19 tokens to top exchanges, including Binance and Coinbase. Recovery efforts for investors have been ongoing since March, with liabilities still at $3.8 billion.

In a recent development, wallets associated with defunct crypto trading firms FTX and Alameda Research orchestrated a transfer of $23.59 million worth of digital assets over four days. This movement involved 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL.

Blockchain analytics firm Spot On Chain identified this transaction, estimating that the defunct entities have transferred $591 million since October 24 using 59 different cryptocurrency tokens. The recent transfer from FTX wallets involved 3,150 Ether (ETH) worth $6.8 million, 59.6 million (ALEPH) worth $6.41 million, $2.48 million of Curve DAO (CRV) tokens, $990,000 of Avalanche (AVAX), and $848,000 of Chainlink’s LINK, among others.

Furthermore, the assets, including Pundi X (PUNDIX), Reserve Rights (RSR), Dogecoin, Bitcoin Cash, Chromia (CHR), Axie Infinity, Polygon’s MATIC, Uniswap, Orbs (ORBS), Frax Share (FXS), Polkadot, STEPN, 1inch (1INCH), and Solana, were transferred to major exchanges such as Binance, Coinbase, OKX, and Galaxy Digital OTC.

This movement of funds follows earlier transactions in October and November, involving substantial sums being moved to Binance and Coinbase accounts. The recovery efforts by FTX and Alameda Research date back to March, aiming to reclaim assets for investors. Despite recovering over $5 billion in cash and liquid cryptocurrencies, outstanding liabilities amount to $3.8 billion for the troubled cryptocurrency exchange.