FTX, Alameda addresses move $10m to exchanges

Notably, an FTX-affiliated address sent 2,904 Ether (ETH) worth $5.14 million to the central address, according to security firm PeckShield. On-chain data confirms that this transaction occurred yesterday at 08:16 PM UTC.

A few minutes after receiving the 2,904 ETH tokens, the address sent 1,000 ETH to a Coinbase address and 1,904 ETH tokens to a Binance deposit address on Wintermute. This represented the first batch of transactions.

Moreover, the second batch occurred hours later and saw an FTX cold wallet move 1,341 Maker (MKR) worth $2.09 million to the same address. Afterward, an Alameda consolidation address transferred 198,807 Chainlink (LINK) and 11,974 Aave (AAVE) to the address. These tokens were worth $3.16 million. 

Shortly after this second tranche of inflows, the address moved the tokens out, sending them to the same Wintermute-hosted Binance deposit address. The wallet now holds only $69 worth of ETH and other altcoins.

Recent FTX transactions

Since the company filed for bankruptcy, the recent slew of transfers is the latest in a long line of fund movements carried out by FTX wallets. Last week, the FTX bankruptcy estate staked these assets, including $122 million worth of Solana (SOL) and $5 million worth of ETH.

The transactions coincide with the 12th trial day of Sam Bankman-Fried, who is facing charges bordering on fraud in a Manhattan federal court. The trial has exposed several revelations through testimonies from Bankman-Fried’s former associates, including Caroline Ellison, former CEO of Alameda.

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