FTX and Alameda Research: Massive Crypto Exodus Raises Eyebrows!💰💰
In a surprising move, FTX and Alameda Research, two major players in the crypto space, have orchestrated a significant outflow of assets totaling $8.28 million. This development, which unfolded in just the past two hours, involves the transfer of six different tokens to various destinations.
Assets on the Move:
1. 2,150 ETH ($4.88M): Sent to FalconX.
2. 37,900 OKB ($2.05M): Transferred to wallet 0x596, with a substantial portion subsequently deposited to OKX.
3. 435,694 MTL ($629K): Moved to Coinbase.
4. 54,575 PROM ($385): Shifted to Binance.
5. 90.84 YFII ($196K): Relocated to OKX.
6. 9,509 CREAM ($152K): Dispatched to Binance.
Addresses:
[Address 1] 0xf02e86d9e0efd57ad034faf52201b79917fe0713
[Address 2] 0x77f33da6046a03ebb0e6d33a26cb49bd738774ff
[Address 3] 0x97f991971a37d4ca58064e6a98fc563f03a71e5c
These addresses are linked to the entities Alameda Research and FTX, raising questions about the motivation behind this sudden asset movement.
Testing the Waters:
Interestingly, the involved wallets also conducted test transactions, possibly in preparation for upcoming deposits to centralized exchanges (CEX) in tokens ALPHA and HT.
Cumulative Exodus:
This recent move adds to FTX and Alameda Research's track record of transferring assets. Since October 24, 2023, they have collectively moved out a staggering $707 million, involving 91 tokens across Ethereum, Solana, and Avalanche.
Fig 1. The updated top 20 assets moved out by FTX and Alameda Research.
The sudden and substantial movement of assets prompts speculation within the crypto community. Stay tuned for further updates on this developing story.
#AlamedaResearch #FTX's #CryptoTransfers #OKX #FalconX