The famous blockchain analytical company Nansen has recently stated that the now-defunct crypto exchange FTX transacted to other entities. Nansen Analytics reveals that the wallet addresses associated with Alameda Research and FTX have shifted above $60M in crypto assets to Binance and Coinbase. As per the blockchain analytical platform, the respective transfers took place throughout the recent week.
Wallets Connected to Alameda Research and FTX Reportedly Transacted $60M
Nansen mentioned that the exchange had transferred up to $8.6M in the form of crypto assets in recent days. These assets included Ethereum, Avalanche, and Chainlink. Later on, FTX would shift approximately $24.3M in such assets to Coinbase and Binance. While discussing the transactions, Nansen stated that the crypto exchange cumulatively transacted almost $60M.
According to Nansen, the transferred crypto assets included up to 943,000 SOL tokens (nearly $32M). The blockchain analytical firm asserted that the platform shifted the above-mentioned assets from the cold wallet on 27 October. The link between the respective transactions and the bankruptcy proceedings of the crypto exchange is still uncertain.
A United States-based bankruptcy court recently permitted FTX to liquidate nearly $100M in crypto holdings each week. Lookonchain, an on-chain investigation forum, updated about this and indicated that FTX shifted further $20M in digital assets. As per the company, this took place on 28 October. It added that the crypto exchange transacted 309,185 SOL tokens (nearly $10M) and 2.03M Band Protocol coins (approximately $3.15M).
On-Chain Investigator Lookonchain Says FTX Transferred Cumulative $78.7M in Crypto This Week
In addition to this, it transacted 46.67M TrueFi coins (accounting for $1.78M) and 3.82M Perpetual Protocol coins (almost $2.3). These, along with some other assets, placed the value of total transacted assets at $78.7M this week, according to Lookonchain. In the meantime, these transfers take place following the recent staking of up to $150M by FTX in Solana and Ethereum.
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