A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week.The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.
According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000).The wallet addresses of FTX and Alameda Research made another $5.49 million transfer after three hours to Binance and Coinbase. The top 3 assets with the highest value in this transaction include 1.14 million DYDX ($2.64 million), 192,888 AXS ($1.
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LIVE: Sam Bankman-Fried Again Blames Underlings for Alameda’s Woes in FTX TrialHelene is a New York-based news reporter at CoinDesk, currently covering the criminal trial of infamous crypto mogul Sam Bankman-Fried. Helene is a recent graduate of New York University’s business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. She holds BTC and ETH. Read more ⮕
AI Token Render (RNDR) May Lose Steam If This Trend ContinuesRender featured in FTX/Alameda’s latest transfer, stirring deepening price fall Read more ⮕
FTX founder testifies Caroline Ellison ‘started crying’ at hedge fund concernsFTX founder Sam Bankman-Fried told the jury Monday he confronted Caroline Ellison with concerns Alameda Research could become insolvent. Read more ⮕
FTX founder testifies Caroline Ellison ‘started crying’ at hedge fund concernsFTX founder Sam Bankman-Fried told the jury Monday he confronted Caroline Ellison with concerns Alameda Research could become insolvent. Read more ⮕
FTX founder testifies Caroline Ellison ‘started crying’ at hedge fund concernsFTX founder Sam Bankman-Fried told the jury Monday he confronted Caroline Ellison with concerns Alameda Research could become insolvent. Read more ⮕
