Crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading company Alameda Research sent more than $13 million worth of different altcoins to numerous crypto exchanges early on November 1.
According to data from on-chain analytics firm Spotonchain, the FTX wallet transferred $8.12 million worth of altcoins to Coinbase for the first time. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million) and 708.1 MKR ($967,000).
FTX and Alameda Research wallet addresses made another transfer of $5.49 million after three hours to Binance and Coinbase. The top 3 most valuable assets in this transaction include 1.14 million DYDX ($2.64 million), 192,888 AXS ($1.05 million), and 5,858 AAVE ($522,000).
#FTX and #mall Research also deposited $5.49 million in 6 assets $GHOST, $ALICE $AXS, #C98, $DYDX, $ZRXto #Binance and #Coinbase ~30 minutes ago.
The top 3 include:
1.14 million $DYDX ($2.64 million)
192,888 $AXS ($1.05 million)
5,858 $GHOST ($522K)In general, #FTX and #mall Research has... https://t.co/Rw0PnalH6G pic.twitter.com/JPbIXZJPzv
- Spot on chain (@spotonchain) November 1, 2023
Related: FTX's Sam Bankman-Fried to testify in criminal trial, defense lawyers say
Prior to the $13.1 million fund movement on November 1, crypto analytics firm Nansen noted several FTX-linked wallet movements over the past week, in which millions in various cryptocurrencies were deposited on different cryptocurrency exchanges. First, a batch of altcoins worth $8.1 million was moved to Binance; Nansen estimated that another $24.3 million in assets left behind wallets linked to FTX and Alameda were deposited on Binance and Coinbase.
Apart from the initial $8.6 million moved:
- 2.2 MUSD LINK
- 1 million AAVE dollars
- 2 million MKR dollars
- ETH of 3.4 million dollarsWe have discovered another $24.3 million left by wallets linked to FTX and Alameda that have been deposited on Binance and Coinbase.
But that is not all... pic.twitter.com/Dru4MysxfQ
-Nansen (@nansen_ai) October 27, 2023
On October 31, FTX linked 1.6 million Solana (SOL) tokens worth $56 million that were destacked and sent to an unknown wallet. Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unknown wallet that is speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.
930k $SOL moves from @FTX_Official and @AlamedaInvestigación Solana wallets for the last 3 days to the 5RAHK wallet.
It is this @novogratz wallet in @galaxyhq Galaxy investment partners?
930k $SOL from FTX and Alameda passed through this wallet to the wallets:
-3ADzk
-5sTQ5
-Ca469
-8CAAy… pic.twitter.com/LXecevHUqz-MartyParty (@martypartymusic) October 31, 2023
Data aggregated by Spotonchain suggests that assets worth a total of $78 million were sent to crypto exchanges from FTX and Alameda Wallet over the past week.
![](https://i3.wp.com/s3.cointelegraph.com/uploads/2023-11/e674bf36-fa6c-46cd-a043-dc059dc9fd98.jpg?ssl=1)
FTX linked wallets have continued shipping its stash of altcoins to crypto exchanges over the past month following a court-ordered gradual liquidation process. The court order allows FTX to sell digital assets worth more than $3 billion through an investment advisor in weekly batches according to the pre-established rule.
He gradual liquidation process would allow FTX to sell $50 million in assets weekly, followed by a cap of $100 million in subsequent weeks. The limit can be increased up to $200 million per week with the prior written consent of the creditors committee and the ad hoc committee after court approval.
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