The US government has transferred cryptocurrencies worth $33.6 million from wallets labeled as "FTX Alameda Seised Funds" to two unidentified addresses. These funds were confiscated from the collapsed crypto exchange FTX and its trading firm Alameda.
Crypto Transfers in Multiple Transactions
On Tuesday, the government carried out several transactions, including:
5,024 ETH (worth approximately $18 million) to addresses starting with "0x9cd" and "0x9ac."
Other tokens worth $13 million, including BUSD, SHIB, and various others such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
Crypto Market Rally
The transfers coincided with a notable rally in the cryptocurrency market. Ethereum (ETH) increased by 0.3% in the past 24 hours, trading at $3,643, a significant rise from $2,460 a month ago.
Record On-Chain Ethereum Volume
November saw Ethereum achieve its highest on-chain transaction volume of 2023, reaching $183.74 billion. This growth is attributed to a shift in capital from centralized exchanges (CEX) to on-chain activities.
According to The Block Research, this trend reflects market participants reallocating their assets across different risk curves to optimize investments amid the current market conditions.
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