FTX & Alameda Move $27 Mln In Crypto Assets, Know More Here

Coingapestaff
October 31, 2023 Updated May 26, 2025
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According to recent data portrayed by Lookonchain, one of the world’s leading data analytics platforms, FTX and Alameda Research have recently transferred assets worth a whopping $27.2 million as of today, October 31.

Among these assets, RNDR accounted for $17.93 million, SOL for $4.7 million, ETH for $2 million, and MKR for $1.18 million. Additionally, various other crypto assets like REN worth $1.12 million and GRT worth $0.27 million were transferred to Coinbase.

As of writing, FTx and Alameda Research have transferred over $106 million in crypto assets till today. The transfers may appear insignificant in light of the substantial holdings of these crypto trading firms. According to Spot On Chain data, FTX and Alameda Research continue to maintain $736 million in EVM (Ethereum Virtual Machine) assets, even after consistently depositing significant amounts into various exchanges in recent days.

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A Closer Look Into The Report

In recent days, a sequence of transactions occurred involving multiple addresses associated with FTX and Alameda. According to reports, these transactions began on October 25, with various addresses, including 0xde9, FTX 0x97f, and Alameda 0xf02, transferring funds to centralized exchanges like Binance and Coinbase.

Subsequently, both entities made constant transfers from October 25 till today, as data reveals.

Earlier this month, FTX and Alameda transferred 21,967 COMP worth $1.01 million, along with 974,270 RNDR, equivalent to $2.04 million, to Binance via Wintermute, a leading global algorithmic digital asset trading firm. Following that, the companies moved an additional $6.5 million in assets, including UNI, DYDY, SUSHI, and LDO, to two intermediary addresses to promptly send them to exchanges.

Also Read: Spain Speeds Up MiCA Adoption For Crypto Regulatory Clarity

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FTX and Alameda Aim to Restitute Customers

The firm’s recent reshuffling of cryptocurrency funds reflects its current intention to liquidate certain digital assets as part of a strategy to settle outstanding debts with creditors.

During 2022, Alameda covertly tapped into customer funds within FTX to repay all outstanding loans due by the summer of that year, all while avoiding suspicion. As of November 2022, Alameda’s debt escalated and reached a staggering $10 billion as a result of its approach to repay creditors using FTX customer assets.

Also Read: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.