FTX Wallets Transfer Over $100M To Exchanges
Mar 14, 2023
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On March 14, Lookonchain, an on-chain analyst, reported that three addresses associated with FTX, a bankrupt crypto exchange, and its sister trading firm Alameda Research, moved approximately $145 million to various crypto exchanges. One of the addresses transferred 69.64 million USDT to a new address, 0xad6e, which then sent 43 million USDT to Binance, Coinbase, and Kraken. The same addresses also transferred 75.94 million USDC to Coinbase's custodial wallet. According to Lookonchain, these addresses were utilized to gather FTX's assets after the exchange's crash in November 2022. However, the reason behind these transfers to the aforementioned exchanges remains unclear, leading several members of the crypto community to speculate about the nature of these transactions.
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