FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

Related: FTXs Sam Bankman-Fried will testify at criminal trial, state defense lawyersPrior to the movement of $13.1 million in funds on Nov. 1, crypto analytic company Nansen flagged several FTX-linked wallet movements over the past week, which saw the deposit of millions in numerous cryptocurrencies on various crypto exchanges. Initially, a batch of $8.1 million worth of altcoins was moved to Binance; Nansen estimated that another $24.3 million worth of assets that have left wallets connected to FTX and Alameda were deposited into Binance and Coinbase.Separate from the initial $8.6 M moved:- 2.2 M USD LINK- 1M USD AAVE- 2M USD MKR- 3.4 M USD ETHWe have actually found an even more $24.3 M that has left wallets linked to FTX and Alameda which has been deposited into Binance and CoinbaseBut thats not all … pic.twitter.com/Dru4MysxfQ— Nansen (@nansen_ai) October 27, 2023

The assets consist of 46.5 million of The Graphs GRT (GRT) ($ 4.85 million), 972,073 Render (RNDR) ($ 2.3 million) and 708.1 Maker (MKR) ($ 967,000). The top 3 properties with the greatest value in this deal are 1.14 million dYdX (DYDX) ($ 2.64 million), 192,888 Axie Infinity (AXS) ($ 1.05 million) and 5,858 Aave (AAVE) ($ 522,000). On Oct. 31, FTX connected 1.6 million Solanas SOL (SOL) tokens worth $56 million that were unstaked and sent out to an unknown wallet.

On Oct. 31, FTX connected 1.6 million Solanas SOL (SOL) tokens worth $56 million that were unstaked and sent to an unidentified wallet. Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unidentified wallet hypothesized to be connected to Galaxy Digital, the main company designated for the liquidation process.930 k $SOL moves from @FTX_Official and @AlamedaResearch Solana wallets over last 3 days to wallet 5RAHK. Is this @novogratz wallet at @galaxyhq Galaxy Investment Partners? 930k $SOL from FTX and Alameda went through this wallet to wallets: -3 ADzk-5sTQ5-Ca469-8CAAy … pic.twitter.com/LXecevHUqz— MartyParty (@martypartymusic) October 31, 2023

Data aggregated by Spotonchain suggests an overall of $78 million worth of assets have been sent out to crypto exchanges from FTX and Alameda wallets over the previous week.Total crypto possessions sent out to exchanges by FTX. Source: SOCFTX-linked wallets have continued to send their stash of altcoins to crypto exchanges over the past month after a court-ordered phased liquidation procedure. The court order allows FTX to sell digital properties worth over $3 billion through a financial investment advisor in weekly batches in accordance with the pre-established rule.The phased-out liquidation procedure will enable FTX to sell $50 million worth of possessions weekly, followed by a $100-million cap in the prospering weeks. The cap can be increased approximately $200 million each week with the previous written authorization of the financial institutions committee and ad hoc committee after court approval.Magazine: The reality behind Cubas Bitcoin transformation: An on-the-ground report

The crypto wallets linked to the now-defunct crypto exchange FTX and its sis trading company, Alameda Research, have sent out over $13 million in various altcoins to numerous crypto exchanges as of Nov. 1. The possessions include 46.5 million of The Graphs GRT (GRT) ($ 4.85 million), 972,073 Render (RNDR) ($ 2.3 million) and 708.1 Maker (MKR) ($ 967,000). The top 3 possessions with the greatest value in this transaction are 1.14 million dYdX (DYDX) ($ 2.64 million), 192,888 Axie Infinity (AXS) ($ 1.05 million) and 5,858 Aave (AAVE) ($ 522,000).