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Crypto Transfer: FTX and Alameda Move $23 Million in Assets

A New Transfer for FTX and Alameda

Despite their financial difficulties, bankrupt firms FTX and Alameda Research have recently transferred digital assets worth $23.59 million to leading cryptocurrency exchanges such as Binance, Coinbase, and OKX.

This transfer, spread across 19 different tokens, includes 3,150 Ether ($6.8 million), 59.6 million ($6.41 million), as well as significant amounts in Curve DAO, Avalanche (AVAX), Chainlink (LINK), and Polygon (MATIC).

The Context of this $24 Million Transfer

This transaction is just the latest in a series of moves initiated since March, when FTX and Alameda began recovering assets for investors.

Just a week ago, these bankrupt companies transferred over $22 million worth of cryptocurrencies.

Despite recovering over $5 billion in cash and cryptocurrencies, FTX faces outstanding liabilities of $3.8 billion.

This transfer, which also includes various assets such as Dogecoin and Bitcoin Cash, raises questions about the remaining asset management strategy of both bankrupt entities.

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