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FTX and Alameda Transfers $22M in Crypto Tokens to Exchanges, Including IMX, GMT and SHIB

A report from Lookonchain mentioned that FTX and Alameda Research transferred $22 million from various digital currencies.

The transfer includes a mix of digital assets, and many people believe that they are preparing to sell these tokens.

FTX and Alameda Research transferred $22 million

The operation involved eight tokens, including:

  • GMT for StepN company
  • UNI for Uniswap company
  • SYN for Synapse company
  • KLAY for Klaytn company
  • FTM for Fantom company
  • SHIB for Shiba Inu company
  • ARB for Arbitrum company
  • OP for Optimism company.

Today #FTX/#Alameda transferred ~$22M assets again, including:

6.26M $IMX($9.12M)
20M $GMT($5.29M)
1,643 $ETH($3.43M)
441,425 UNI($2.69M)
77.77B $SHIB($652K)
102,651 $BAL($389K)
2.24M $LOOKS($261K)
801,893 $WOO($179K) pic.twitter.com/VUqWBiNj5G— Lookonchain (@lookonchain) December 2, 2023

On October 24th, FTX and Alameda transferred $10 million to a single wallet address, which was later redistributed to Binance and Coinbase accounts.

Another significant transfer took place on November 14th, 2023, where cryptocurrency assets worth $24 million were moved across Kraken and OKX exchanges.

In the latest move by the two companies, a transfer of $10.8 million was made on platforms such as Wintermute, Binance, and Coinbase.

Furthermore, the companies executed another substantial transfer of cryptocurrencies as part of their asset management efforts, totaling $551 million.

In summary, the recent transfers involving the eight tokens were as follows:

$2.58 million in StepN (GMT) token,$2.41 million in Uniswap (UNI) token ,$2.25 million in Synapse (SYN) token,$1.64 million in Klaytn (KLAY) token,$1.18 million in Fantom (FTM) token,$644,000 in Shiba Inu (SHIB) token ,In addition to smaller amounts in Arbitrum (ARB) and Optimism (OP) tokens.

The cryptocurrency exchange FTX was indeed one of the largest exchanges in the world until it experienced a significant collapse recently.

CEO Sam Bankman-Fried, whose fortune reached a peak of $26.5 billion last year, was at the helm of the exchange.

It appears that the exchange partially failed due to its close ties to Bankman-Fried’s trading firm, Alameda Research.

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