by 6 November cryptocurrency by its U.S. subsidiary to the date of its stock market crash. altcoin The top three companies to attract were Alameda, FTX hacker with $49 million, and Amber Group with $40 million.
Alameda Research Withdraws Over $200M In Altcoins From FTX.US
Arkham found that eight addresses affiliated with Alameda Research had withdrawn $204 million from various crypto assets. Of this amount, $142.4 million was sent to FTX’s international wallets.
Arkham said Alameda likely acts as a bridge between FTX US and FTX International. All three companies are owned by Sam Bankman-Fried, and all three companies are currently under intense global scrutiny.
In his Twitter post, Arkham shared Alameda’s stablecoins, mostly pegged to the US dollar, Ethereum (ETH) and Wrapped Bitcoin (wBTC) He said he had withdrawn his cryptocurrencies.
According to the post, 57.1% ($116 million) of the funds withdrawn were in USD stablecoins. stablecoins USDT, BUSD, TUSD and USDC was determined as. While most of the funds went to FTX, $10.4 million was sent to rival exchange Binance.
Also, Arkham said that $38.06 million (18.7%) withdrawn by Alameda was in wrapped Bitcoin (wBTC). The withdrawn wBTC was sent to Alameda’s wBTC merchant wallet and bridged to the BTC network from there.
In his first bankruptcy filing with the Delaware County Bankruptcy Court, FTX’s new CEO, John Ray III, described the situation as the worst he had seen in his company’s career, emphasizing “a complete failure of corporate controls” and the absence of reliable financial information.
*Not investment advice.
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