{"id":242210,"date":"2024-02-06T13:38:18","date_gmt":"2024-02-06T08:08:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/ftx-alameda-move-colossal-amounts-of-assets-to-binance-coinbase-falconx-crypto-news\/"},"modified":"2024-02-06T13:38:21","modified_gmt":"2024-02-06T08:08:21","slug":"ftx-alameda-move-colossal-amounts-of-assets-to-binance-coinbase-falconx-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftx-alameda-move-colossal-amounts-of-assets-to-binance-coinbase-falconx-crypto-news\/","title":{"rendered":"FTX & Alameda Move Colossal Amounts Of Assets To Binance, Coinbase, & FalconX – Crypto News"},"content":{"rendered":"

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In a thrilling twist of events, FTX, a fallen crypto exchange, and its backstop liquidity provider Alameda, recently shifted staggering amounts of 8 digital assets to CEXs Coinbase, Binance, and FalconX. As per insights offered by SpotOnChain, these assets encompassed $3.2 million worth of ETH, ALPHA, POWR, SNT, OXT, RLC, NMR, and NEXO.<\/p>\n

Among these assets, 1K ETH was shifted to Coinbase, whereas 4.43 million ALPHA was shifted to Binance. Meanwhile, POWR, SNT, OXT, RLC, NMR, and NEXO were moved to Coinbase and FalconX, garnering noteworthy attention among prominent crypto investors and traders.<\/p>\n

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FTX & Alameda\u2019s Offloading Continues<\/h2>\n

Intriguingly, amid the recent heightened volatility witnessed across the broader crypto market, Sam Bankman-Fried\u2019s FTX appears to have continued to move tokens to CEXs. As per blockchain data, the two entities offloaded a staggering $15.1 million worth of 21 digital assets over the past week. Among these assets, apart from the eight mentioned above, TLM, DENT, LOOKS, DODO, FRONT, LINA, REEF, HBTC, SD, GFI, ALCX, and FTM were transferred in colossal amounts to Binance, Coinbase, FaclonX, and Wincent. Notably, the two entities also incinerated TONCOIN worth $1.03 million, birthing additional inferences.<\/p>\n

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Meanwhile, the asset transfers made by FTX and Alameda come as a result of Sam Bankman and his exchange\u2019s noteworthy fall, resulting in a legal ruling faced by the parties to repay its creditors. Following this, FTX and Alameda\u2019s transfer of assets to CEXs emerged as a recurring phenomenon within the crypto realm.<\/p>\n

Also Read: Ripple Dumps 120 Mln XRP After SEC Gains Upper Hand In Legal Quandary<\/a><\/strong><\/p>\n

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Sam Bankman Fried\u2019s Recent Legal Chronicle<\/h2>\n

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In a gust of significant breakthroughs witnessed in Sam-Bankman Fried\u2019s legal saga in recent days, the fallen entrepreneur\u2019s parents, Joseph Bankman and Barbara Fried, appealed to the court to dismiss a lawsuit<\/a> orbiting the fallen crypto exchange\u2019s intentions to recover funds it alleges were transferred illegitimately. Concerning this, FTX previously sought<\/a> to recover millions of dollars from Sam\u2019s parents.<\/p>\n

Also Read: MicroStrategy Earnings: Michael Saylor Hints At Revealing MSTR\u2019s Bitcoin Strategy<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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