Wallets associated with FTX and Alameda Research have transferred $10.8 million to accounts on Binance, Coinbase, and Wintermute using 8 different cryptocurrencies.
Blockchain analysis company Spot On Chain discovered this movement, estimating that non-existing entities have transferred $551 million since October 24 using 59 different cryptocurrency tokens.
The latest $10.8 million transfer was spread across 8 tokens: $2.58 million in StepN (GMT), $2.41 million in Uniswap (UNI), $2.25 million in Synapse (SYN), $1.64 million in Klaytn (KLAY), $1.18 million in Fantom (FTM), $644,000 in Shiba Inu (SHIB), and a small amount in Arbitrum (ARB) and Optimism (OP).
On October 24, FTX and Alameda wallets transferred $10 million to a single wallet address, which was then redistributed to Binance and Coinbase accounts. On November 1, a similar transaction occurred involving the transfer of $13.1 million to Binance and Coinbase accounts by parties related to the matter.
The fund’s activity began in March when FTX and Alameda Research began the process of liquidating assets for investors. At that time, three wallets linked to FTX and Alameda Research transferred $145 million worth of stablecoins to various platforms, including Coinbase, Binance, and Kraken.