Funds appear to have been exported from Alameda Research wallets and millions of tokens were forwarded to a single address this morning.
About $30 Million In Cryptocurrency Transferred From Alameda Research Accounts To An External Wallet
According to the records on the block explorer Etherscan, 9.8 million transactions were made to the wallet as of 13:45 Turkey time. wrapped XRP (about $3.6 million), approximately 6.8 million render token (about $3.4 million), approximately 3.4 million xSUSHI (approximately $5.3 million) and 100 million BitDAO token (approximately $30 million).
The data also includes the 11 million in stablecoin Tether. cryptocurrency exchange showed that it was moved from Kucoin. They total just under $55 million.
On Thursday, Sam Bankman-Fried, CEO of FTX, said that after a stunning week, the exchange’s sister trading company Alameda will close. A day later, FTX and Alameda filed for Chapter 11 bankruptcy protection as it turned out to be facing a deficit of as much as $8 billion.
The moves from Alameda wallets followed funds transferred out of FTX itself. On Friday, more than $400 million was transferred to a single wallet address.
The wallet had emptied its FTX accounts, obtained various token types worth tens of millions of dollars, and started selling the tokens it had bought from FTX.
Ryne Miller, general counsel of FTX, recently said:
“He said he is investigating anomalies in wallet movements related to consolidation of FTX balances between exchanges, other movements are not clear. We will share more information as soon as we get it.”
*Not investment advice.
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