Cryptocurrency wallets linked to the discontinued cryptocurrency exchange, FTX, and its partner trading firm, Alameda Research, have commenced transfers totaling upwards of $13 million in diverse alternative cryptocurrencies to several crypto exchanges as of November 1.
FTX and Alameda Crypto Transferred $13.6M in Altcoins to Coinbase and Binance
On-chain analysis company Spotonchain unveiled that the FTX wallet initially transferred $8.12 million of alternative cryptocurrencies to Coinbase. These assets included 46.5 million units of The Graphs GRT, valued at $4.85 million, 972,073 Render (RNDR) tokens totaling $2.3 million, and 708.1 Maker tokens worth $967,000.
Following this, the wallet addresses associated with FTX and Alameda Research performed another transfer valued at $5.49 million after a three-hour gap, moving the funds to Binance and Coinbase. In this transaction, the top three assets were 1.14 million dYdX (DYDX) tokens, valued at $2.64 million, 192,888 Axie Infinity tokens totaling $1.05 million, and 5,858 Aave tokens, amounting to $522,000.