FTX transfers $8.3M daily before amended restructuring proposal deadline

The now-bankrupt FTX exchange and its sibling trading firm, Alameda Research, transferred $8.3 million on May 6, raising concerns for creditors awaiting recompense.

The transfer occurred a day before FTX debtors were expected to release a revised restructuring plan, adding intrigue to a complicated scenario.

According to PeckShield notifications, two FTX-linked wallets and Alameda Research transferred funds. The FTX wallet transferred 860 Tether Gold (XAUT) tokens worth over $2 million to algorithmic trading firm Wintermute.

An Alameda wallet sent 2,027 Ether, valued over $6.3 million, to two unspecified addresses. These transactions occur at a crucial point in FTX's bankruptcy proceedings, but their purpose