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FTX and Alameda Transfer $23.59 Million in Assets to Binance, Coinbase and OKX

Over four days, wallets associated with defunct crypto companies FTX and Alameda Research transferred $23.59 million in digital assets to major exchanges.
Blockchain analysis firm Spot On Chain, movement definedIt is estimated that the failed organizations transferred $591 million using 59 different crypto tokens since October 24.
Wallets attributable to FTX distributed the recent $23.59 million transaction across 19 tokens: 3,150 Ether (ETH) 59.6 million (ALEPH), valued at $6.8 million, 2.48 million Curve DAO tokens (CRV), valued at $6.41 million, Avalanche (valued at $990,000).AVAX) and $848,000 from Chainlink (CONNECTION).

Additionally, Pundi X (PUNDIX), Reserve Rights (RSR), Dogecoin (DOGE), Bitcoin Cash (BCH), Chromia (CHR), Axie Infinity (AXIS), Polygon (MATIC), Uniswap (UNI), Spheres (ORBS), Frax Sharing (FXS), Polkadot (POINT), STEPN (GMT), 1inch (1INCH) and Solana (LEFT), took part in the transfers. FTX wallets transferred such assets to major exchanges such as Binance, Coinbase, OKX and Galaxy Digital OTC.
On October 24, FTX and Alameda wallets transferred $10 million to a single wallet address, which was then redistributed to Binance and Coinbase accounts. A similar transaction took place between the parties on November 1. resulted in movement $13.1 million in Binance and Coinbase accounts.

Related: FTX to submit revised restructuring plan in mid-December

The movement of funds dates back to March, when FTX and Alameda began rescuing assets for investors. At the time, three wallets associated with FTX and Alameda Research were moving $145 million worth of stablecoins across various platforms, including Coinbase, Binance and Kraken.
$69.64 million of the total is in Tether (USDT) will be transferred to custodial wallets on crypto exchanges, while the remaining $75.94 million will be transferred to USD Coin (US Dollar) transferred to Coinbase equivalent.
While the troubled exchange has recovered more than $5 billion in cash and cryptocurrency, an additional $3.8 billion in debt remains outstanding.

Translation by Walter Rizzo

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