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Massive Fund Movements Linked to FTX and Alameda

Massive Ether and Chainlink fund movements associated with FTX and Alameda

  1. Millions in tokens associated with FTX and Alameda wallets have been transferred to other wallets.
  2. These funds appear to have been sent to Binance, where they could be sold.
  3. These movements come as FTX is under scrutiny, with its founder currently facing legal proceedings.

Massive transactions to Binance

The on-chain firm Nansen revealed, in a tweet, that significant funds associated with the bankrupt FTX and Alameda Research wallets have been moved to other wallets. These funds appear to have been specifically transferred to the wallets of the cryptocurrency exchange Binance, where they could potentially be sold.

Details of the transferred funds

The transferred funds include approximately $2.2 million in Chainlink (LINK) tokens, $1 million in Aave (AAVE) from the Aave protocol, $2 million in Maker (MKR), and $3.4 million in ether (ETH). These details have been confirmed by the data provided by Nansen.

Currently, a group of debtors is in control of the bankruptcy proceedings and holds the assets of both companies prior to their collapse. Recently, in October, this group staked over $150 million in ether (ETH) and Solana (SOL) tokens, hoping to achieve returns of up to 8% on these holdings.

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