Ftx And Alameda Transferred $10.8 Million Worth Of Cryptocurrency To Various Exchanges.

$10.8 million transfer was distributed among 8 different tokens: Stepn (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB), and Optimism (OP).

Wallets associated with defunct cryptocurrency firms FTX and Alameda Research transferred $10.8 million to accounts at various exchanges, including Binance, Coinbase, and Wintermute, using eight different cryptocurrencies.

Blockchain analysis firm Spot On Chain reported that $10.8 million worth of cryptocurrency was transferred from FTX and Alameda Research accounts to various cryptocurrency exchanges. The firm noted that since October 24, entities related to the dissolved organizations have executed transfers totaling $551 million using 59 different cryptocurrencies. 

🚨 #FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs:

10M $GMT ($2.58M)
407K $UNI ($2.41M)
5.23M $SYN ($2.25M)
8.76M $KLAY ($1.64M)
3.87M $FTM ($1.18M)
77.77B $SHIB ($644K)
and small amounts of $ARB and $OP.

Note… https://t.co/UZkn8bmQ89 pic.twitter.com/0jb5ZMHvC7

— Spot On Chain (@spotonchain) December 1, 2023

🚨🚨 #FTX further deposited 129,793,313 $TRX ($13.42M) to #Binance ~ 3hrs ago.

Note that FTX has deposited 457M $TRX ($32.76M) to #Binance and #Kraken since Nov 13 (16 days ago) via address TYoZM.

Overall, FTX and Alameda Research addresses have transferred out a total of $535M… https://t.co/7SS3egMQy7 pic.twitter.com/Nys2RFqOJp

— Spot On Chain (@spotonchain) November 29, 2023

In the recent $10.8 million transfer, the amount was distributed as follows: $2.58 million in StepN, $2.41 million in Uniswap, $2.25 million on the Synapse (SYN) platform, $1.64 million on the Klaytn (KLAY) platform, $1.18 million on the Fantom platform, $644,000 on the Shiba Inu platform, and small amounts in Arbitrum (ARB) and Optimism (OP), making up eight different tokens.

Examining previous transactions, on October 24, FTX and Alameda wallets transferred $10 million to a single wallet address, and this money was then redistributed to Binance and Coinbase accounts. Similarly, on November 1, another transaction of $13.1 million was transferred to Binance and Coinbase accounts.

This fund movement dates back to when FTX and Alameda initiated the process of reclaiming assets for investors in March 2023. During this period, $145 million worth of stablecoins were moved to various platforms from three wallets associated with FTX and Alameda Research. While $69.64 million of this amount was transferred to various exchanges as Tether, the remaining $75.94 million USDC was transferred to Coinbase. However, despite recovering assets exceeding $5 billion, the total amount owed surpassed $8.8 billion.