In the span of four days, wallets associated with crypto trading companies FTX and Alameda Research, which no longer exist, transferred digital assets worth $23.59 million to leading cryptocurrency exchanges.
Blockchain analytics firm Spot On Chain identified these transactions and estimated that the entities, which no longer exist, had moved $591 million since October 24 using 59 different cryptocurrencies.
Wallets linked to FTX conducted the most recent transfer, totaling $23.59 million across 19 tokens: 3,150 Ether (ETH) worth $6.8 million, 59.6 million Aleph.im (ALEPH) worth $6.41 million, $2.48 million in Curve DAO (CRV) tokens, $990,000 in Avalanche (AVAX) tokens, and $848,000 in Chainlink (LINK) tokens, as well as $6.07 million across 14 other types of cryptocurrencies.
On October 24, wallets linked to FTX and Alameda 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.