Cryptocurrency exchange that suddenly went bankrupt in November 2022 FTX In early September, he received permission from the court to sell his crypto assets.
Under this permission, the court limited FTX’s asset sales to $100 million per week.
At this point, FTX and its subsidiary Alameda Research took action. lookonchainAccording to his post, Wallets affiliated with FTX and Alameda transferred four altcoins worth $10 million to Binance and Coinbase.
Among the altcoins transferred 2,904 Ethereum (ETH) worth $5.18 million, 1,341 MKR worth $2.02 million, 11,974 Aave (AAVE) worth $1.03 million, 198,804 Chainlink (LINK) worth $2.26 million is available.
“Are FTX and Alameda selling assets?
FTX and Alameda linked wallets transferred 2,904 Ethereum (ETH), 1,341 MKR worth $2.02 million, 11,974 Aave (AAVE) worth $1.03 million, 198,804 Chainlink (LINK) worth $2.26 million to Binance and Coinbase .”
Although it remains unclear why these transfers were made, experts think that FTX, which received sales permission for crypto assets, made these transfers to sell.
are #FTX oath #Alameda asset-receiving wallets selling assets?
the #FTX oath #Alameda asset-receiving wallets transferred 2,904 $ETH($5.18M), 1,341 $MKR($2.02M), 11,974 $AAVE($1.03M), 198,804 $LINK($2.26M) to #Binance oath #coinbase via wallet”0xde9A”.https://t.co/IHNmh2TDcN pic.twitter.com/2l4U0SdlyF
— Lookonchain (@lookonchain) October 25, 2023
*This is not investment advice.
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