Alameda Research allegedly withdrew over $200 million from FTX’s US subsidiary, FTX.US, before filing for bankruptcy.
By blockchain firm Arkham Intelligence on Twitter a few days before Alameda filed for bankruptcy, a shared analysis alleged FTX USfrom $204 million withdrew money. Assets withdrawn to 69.8% corresponding $124.4 million if the part to FTX wallets sent.
Alameda after November 6, only from FTX US stablecoin, Wrapped BTC (WBTC) or Ethereum (ETH) pulled. $204 million withdrawn 18.7% part of $38.06 million BTC when creating ETH of $49.39 million shares 24.2% and to 57.1% corresponding $116.52 million if the part stablecoins created.
The transferred Ethereum 35.52 million dollars to FTX, $13.87 million a major asset was sent to an over-the-counter trading wallet (OTC). Arkham, “It is unknown whether the approximately $14 million in ETH was sent to the 0xa20 wallet as part of a trade or as an internal funds transfer within the Alameda company.” he stated. On the other hand, Alameda joined Binance on the same day. $10.04 million USDT sent. And also 32.17 million USDT was converted to USDC and then to FTX sent.
Looking at the overall picture, the operations performed by Alameda can be summarized as follows:
- After November 6, $204 million was sent from FTX US to Alameda.
- $152.15 million in stablecoins have been invested in Binance and FTX International.
- By creating a bridge over the Bitcoin network, $ 38.06 million was sent.
- $13.87 million was transferred to 0xa20, which is described as a trading wallet.