{"id":204331,"date":"2023-12-01T15:36:08","date_gmt":"2023-12-01T10:06:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=204331"},"modified":"2023-12-01T15:36:08","modified_gmt":"2023-12-01T10:06:08","slug":"ftx-and-alameda-research-cash-out-10-8m-to-binance-coinbase-wintermute-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftx-and-alameda-research-cash-out-10-8m-to-binance-coinbase-wintermute-crypto-news\/","title":{"rendered":"FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute – Crypto News"},"content":{"rendered":"
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Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies.<\/p>\n

Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities transferred $551 million since Oct. 24 using 59 different cryptocurrency tokens.<\/p>\n

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#FTX<\/a> and #Alameda<\/a> moved out $10.8M worth of 8 assets to #Wintermute<\/a>, #Binance<\/a>, and #Coinbase<\/a> in the past 11 hrs:<\/p>\n

10M $GMT<\/a> ($2.58M)
407K $UNI<\/a> ($2.41M)
5.23M $SYN<\/a> ($2.25M)
8.76M $KLAY<\/a> ($1.64M)
3.87M $FTM<\/a> ($1.18M)
77.77B $SHIB<\/a> ($644K)
and small amounts of $ARB<\/a> and $OP<\/a>.<\/p>\n

Note\u2026 https:\/\/t.co\/UZkn8bmQ89<\/a> pic.twitter.com\/0jb5ZMHvC7<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) December 1, 2023<\/a><\/p><\/blockquote>\n

The latest transfer of $10.8 million was spread across eight tokens \u2014 $2.58 million in StepN (GMT<\/a>), $2.41 million in Uniswap (UNI<\/a>), $2.25 million in Synapse (SYN), $1.64 million in Klaytn (KLAY), $1.18 million in Fantom (FTM<\/a>), $644,000 in Shiba Inu (SHIB<\/a>) and small amounts of Arbitrum (ARB) and Optimism (OP).<\/p>\n

On Oct. 24, the FTX and Alameda wallets transferred $10 million<\/a> to a single wallet address, which was later redistributed to Binance and Coinbase accounts. On Nov. 1, a similar transaction occurred between the parties involving $13.1 million being moved to Binance and Coinbase<\/a> accounts.<\/p>\n

Related: <\/em><\/strong>Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report<\/em><\/strong><\/a><\/p>\n

The funds\u2019 movement dates back to March 2023, when FTX and Alameda began the process of recovering assets for investors. At the time, three wallets associated with FTX and Alameda Research moved $145 million worth of stablecoins<\/a> to various platforms, including Coinbase, Binance and Kraken.<\/p>\n

Out of the lot, $69.64 million Tether (USDT<\/a>) was moved to custodial wallets on crypto exchanges, while the remaining 75.94 million USD Coin (USDC<\/a>) was transferred to a Coinbase custodial wallet.<\/p>\n

While the troubled cryptocurrency exchange had recovered over $5 billion in cash and liquid cryptocurrencies at the time, its total liabilities exceeded $8.8 billion.<\/p>\n

Magazine: <\/em><\/strong>Real AI & crypto use cases, No. 4: Fight AI fakes with blockchain<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities […]<\/p>\n","protected":false},"author":2,"featured_media":204332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-204331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=204331"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204331\/revisions"}],"predecessor-version":[{"id":204334,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204331\/revisions\/204334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/204332"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=204331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=204331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=204331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}