Alameda Research Withdraws $2 Million From This Altcoin!

FTX Exchange Although it is in the process of bankruptcy together with Alameda Research Addresses linked to still continue to record active transactions.

Alameda Research Withdraws $2 Million FTT

In one of the latest updates from crypto analytics platform Arkham Intelligence, a $2 million withdrawal was recorded by an Alameda-linked address labeled “brokenfish.eth”.

According to the shared update, the address brokenfish.eth pulled the funds from BentoBox, a smart contract that acts as the central vault for the entire Sushi ecosystem. The funds withdrawn were dominated by FTT, the native token of the FTX exchange.

The address ‘brokenfish.eth’ in Alameda withdrew $2 million in FTT from BentoBox.

The reasons behind the withdrawal remain a mystery as the related wallet activities have been linked to Alameda addresses in the past.

The history between Alameda and Sushiswap goes back to 2020, when Sam Bankman-Fried (SBF) took over the management of the decentralized exchange protocol after its top developer, Chef Nomi, pulled the community.

The withdrawal of funds also highlighted how pervasive influence Alameda Research has had in the emerging digital currency ecosystem and world of DeFi.

It remains unclear how much funds Alameda Research has left in the BentoBox protocol and what the future withdrawal rate will be.

The withdrawal of FTT tokens may have been sanctioned by the company’s current chief executive, John Ray III.

*Not investment advice.

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