FTX and Alameda Research transfer $39 million to crypto exchanges

According to Cointelegraph, crypto wallets linked to the defunct FTX exchange and Alameda Research, its sister company, transferred over $38.8 million in digital assets to numerous crypto exchanges since January 2024.

With insights from PeckShield, a blockchain analytics firm, wallets linked to both organisations transferred about $7 million in February to exchanges. On February 4, 2024, the addresses moved $2.6 million in Ether (ETH $2,362) to Coinbase and about $1.1 million in Ton (TON) and Fantom (FTM $0.35) to FalconX and Wintermute. Furthermore, on February 6, 2024, the crypto wallet addresses moved about $3.3 million in various assets to Coinbase, Coinbase Prime, FalconX and Binance.