Altcoin Sales from FTX Liquidation Wallets Continue: This Time They Sold Another Token

In the shadow of FTX founder Sam Bankman-Fried’s (SBF) ongoing lawsuit, the company and its partner Alameda have reportedly moved nearly $20 million worth of assets to liquidation addresses over the past three days.

The last transfer involved $500,000 worth of Civic (CVC) tokens, which took place just two hours ago.

This development comes as SBF prepares to testify in court about the collapse of FTX. Cryptocurrency analysis platform Nansen is monitoring the situation closely and has reported some interesting findings.

Earlier this week, Nansen reported that $8.6 million was transferred from FTX and Alameda wallets to Binance. However, this seems to be just the beginning.

Nansen discovered that in addition to the initial $8.6 million, another $24.3 million left wallets linked to FTX and Alameda and was deposited into Binance and Coinbase. The funds were distributed across different tokens and networks. Some of these were:

• Chainlink (LINK): $2.2 million
• Aave (AAVE): $1 million
• Maker (MKR): $2 million
• Ethereum (ETH): $3.4 million

You can read details about FTX’s other sales in the Bitcoinsistemi.com article below:

Additionally, Nansen found that 943,000 Solana (SOL) tokens worth just under $32 million were moved from the FTX Cold Storage wallet. In total, more than $60 million was transferred from FTX and Alameda wallets this week alone. As the case continues, these moves are likely to be closely scrutinized by both legal teams and market watchers.

*This is not investment advice.