Alameda Research Converts Its Altcoin Holdings Into Ethereum By CoinEdition

• Alameda has converted a ton of altcoins in their holdings to .
• The firm still has more than $112M worth of different crypto in its possession.
• It is unknown who is responsible for the transactions.

Alameda Research, which is owned by Sam Bankman-Fried and is embroiled in disputes, has changed a number of tokens worth of altcoins that it holds into Ethereum. This comes at a time when the company’s owners are facing criminal accusations connected to the failure of its sister company, FTX both of which were operated by SBF.

One of the blockchain gumshoes, Martin Lee, a data journalist at Nansen, was one among the people who pointed out that there is plenty of activity happening around Alameda wallets.

1/ Lots of activity going on among Alameda wallets in the past 6-7 hoursVarious tokens on ETH being consolidated into 2 main walletsSwapped to ETH/USDT (USDC to USDT too) USDT thn swapped to ETHSent to multiple wallets and thn to FixedFloat/ChangenowSource: @nansen_ai

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