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FTX and Alameda moved $23.59M in

The two firms FTX and Alameda moved $23.59M in assets to Binance, Coinbase, and OKX.

In a notable financial maneuver, FTX and Alameda orchestrated a transfer of $23.59 million in assets to platforms, including :

  • Binance
  • Coinbase
  • OKX .

This substantial movement involved 19 different tokens, ranging from established cryptocurrencies like Ethereum and LINK to emerging assets like ALEPH and AVAX.

Blockchain analytics firm Spot On Chain identified the movement, estimating that the defunct entities have transferred $591 million since Oct. 24 using 59 different cryptocurrency tokens.

The wallets linked to FTX spread the latest transfer of $23.59 million across 19 tokens: 3,150 Ether ETHtickers down$2,355 worth $6.8 million, 59.6 million Aleph.im (ALEPH) worth $6.41 million, $2.48 million of Curve DAO (CRV) tokens, $990,000 of Avalanche AVAXtickers down$33.38 and $848,000 of Chainlink’s LINK$16.38.

#FTX and #Alameda Research moved out $23.59M worth of 19 assets to #Binance#Coinbase#OKX#GalaxyDigital OTC in the past 4 days, including:

3,150 $ETH ($6.8M)
59.6M $ALEPH ($6.41M)
3.60M $CRV ($2.48M)
33,388 $AVAX ($990K)
50,282 $LINK ($848K)
and $6.07M worth of 14 other… https://t.co/qnrBHqPpmY pic.twitter.com/dHAXKDGJn7— Spot On Chain (@spotonchain) December 9, 2023

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

The choice of platforms for the asset transfer points to the strategic positioning of assets across leading cryptocurrency exchanges.

Each platform offers its unique advantages in terms of liquidity, trading pairs, and user base.

The transfer may be a calculated move to leverage the strengths of these exchanges for optimal trading and investment outcomes.assets to Binance, Coinbase, OKX

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