Crypto

FTX drops $13 million to cryptocurrency exchanges

FTX drops $13 million to cryptocurrency exchanges

The payment is part of a planned reimbursement following the platform’s collapse

Crypto wallets linked to the now-bankrupt FTX crypto exchange and sister firm Alameda Research have transmitted more than $13 million in various altcoins to multiple crypto exchanges as of November 1.

Data from on-chain analysis company Spotonchain indicates the FTX wallet initially transferred $8.12 million in altcoins to Coinbase, including 46.5 million of The Graph’s GRT ($4.85 million), 708.1 Maker ($967,000) and 972,073 Render (RNDR) worth $2.3 million.

FTX and Alameda Research wallets made another $5.49 million transfer three hours later to Coinbase and Binance, with the highest value transactions being 5,858 Aave ($522,000), 192,888 Axie Infinity ($1.05 million), and 1.14 million dYdX (DYDX) valued at $2.64 million.

In the week leading up to November 1, crypto analytics company Nansen showed several FTX-linked wallet activities, with millions in deposits of various cryptocurrencies on several exchanges. The first was $8.1 million in altcoins that were moved to Binance. Nansen calculated that an additional $24.3 million in assets had been transferred from FTX and Alameda-linked wallets to Binance and Coinbase.

FTX linked 1.6 million in Solana SOL tokens worth $56 million on October 31 that were unstaked and transferred to an anonymous wallet. About 930,000 in SOL tokens linked to FTX and Alameda worth $32 million were moved to another unknown wallet thought to be connected to Galaxy Digital, the firm responsible for the liquidation process.

Spotonchain indicates that $78 million in total assets were sent by FTX and Alameda to crypto exchanges during the past week. The process permits FTX to sell $50 million in assets weekly, with a $100 million cap in subsequent weeks, which can be increased to $200 million with creditor committee and court approval.

Secure Banking

Safer Gambling

Our Responsible Gambling program makes sure every player is of legal age and also gives you the option to self-exclude for a time period from our tables, sportsbook or casino.

Need Help?

AFFILIATE PROGRAM

Maximize your income through our affiliate marketing. Learn more >
Copyright © 2024 | ACRpoker.eu | T&Cs | All Rights Reserved