The latest transfer was spread across eight tokens: StepN (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB) and Optimism (OP).
Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies.
Blockchain analysis firm Spot On Chain spotted the movement, estimating that the defunct entities have transferred $551 million since Oct.
#FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs:
10M $GMT ($2.58M)
407K $UNI ($2.41M)
5.23M $SYN ($2.25M)
8.76M $KLAY ($1.64M)
3.87M $FTM ($1.18M)
77.77B $SHIB ($644K)
and small amounts of $ARB and $OP.Note… https://t.co/UZkn8bmQ89 pic.twitter.com/0jb5ZMHvC7
— Spot On Chain (@spotonchain) December 1, 2023
The latest transfer of $10.8 million was spread across eight tokens: $2.58 million in StepN’s GMT (GMT), $2.41 million in Uniswap’s UNI (UNI), $2.25 million in Synapse’s SYN, $1.64 million in Klaytn’s KLAY, $1.18 million in Fantom’s FTM (FTM), $644,000 in Shiba Inu (SHIB) and small amounts of Arbitrum’s ARB and Optimism’s OP.
On Oct. 24, the FTX and Alameda wallets transferred $10 million to a single wallet address, which was later redistributed to Binance and Coinbase accounts. 1, a similar transaction occurred between the parties involving $13.1 million being moved to Binance and Coinbase accounts.
Related: Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report
The funds’ movement dates back to March, when FTX and Alameda began the process of recovering assets for investors.