Alameda Wallets Active To Transfer FTT In The Millions –

• What- The bankrupt Alameda Research resurrects, transferring millions worth of FTX exchange’s native token (FTT)
• Why- Alameda wallet activity has been a significant concern for crypto enthusiasts after the FTX bankruptcy filing
• What Next?- Alameda-linked wallets might continue the movement of funds since this is not its first instance

On February 7, the wallets connected to the now-bankrupt Alameda Research are actively transferring millions worth of FTX’s native token, FTX token (FTT). After the bankruptcy filing, Alameda wallet activity became a significant concern in the crypto space, as various users questioned the advantages of law enforcement agencies. Others demanded answers on how these wallets are being acquired.

The Alameda address, ‘brokenfish.eth’, transferred around $2 million worth of FTT tokens from Bento Box smart contract on Sushiswap. The smart contract operates as the central vault for the entire Sushi space. The former FTX chief executive, Sam Bankman-Fried (SBF), has some history with Sushiswap that takes us back to 2020 when he took control of the protocol from Chef Nomi, the former top developer.

“Alameda Research 4” bought over 1 million ( approximately $2.3 million) in the $1.86-$1.87 range. Additionally, the wallet opened a loan position on Abracadabra, mortgaging 73,000 FTT and $31,000.

However, the majority linked the movement of funds to the ongoing bankruptcy proceeding. They believe that the court-appointed CEO of FTX, John Ray III sanctioned the fund movements. The new CEO has boldly shown his desire to take control of the exchange’s assets and those of its subsidiaries to settle its debts. Last month, the exchange revealed that it had discovered over $5.5 billion in liquid assets throughout its probe.

However, this is not the first instance in February that Alameda-linked wallets saw the movement of funds. On February 2, PeckShield, a blockchain security firm, revealed that Alameda Consolidation received $13 million worth of assets from three different wallets.

#PeckShieldAlert ～$13M worth of cryptos have been transferred to Alameda consolidation-labeled address, including ~6M $USDT & 1,545 $ETH ($2.5M) from Bitfinex, ~4.6M $USDC from 0x7889
Wondering why Bitfinex transferred ~$8.5M worth of cryptos to Alameda consolidation address pic.twitter.com/YU8RNcrdxs

— PeckShieldAlert (@PeckShieldAlert) February 2, 2023

The first is owned by Bitfinex, one of the world’s largest crypto exchanges. It sent about 6 million Tether (USDT)and 1,545 ether (ETH), accumulating approximately $8.5 million. The other unidentified individuals transferred roughly $6 million in USD Coin to the Alameda Consolidation address.

More News:

Fight Out (FGHT) – Newest Move to Earn Project

• CertiK audited & CoinSniper KYC Verified
• Early Stage Presale Live Now
• Earn Free Crypto & Meet Fitness Goals
• LBank Labs Project
• Partnered with Transak, Block Media
• Staking Rewards & Bonuses