Alameda-Linked Address Withdraws $2 Million in FTT – What’s In Store Crypto Market?
The post Alameda-Linked Address Withdraws $2 Million in FTT – What’s In Store Crypto Market? appeared first on Coinpedia Fintech News
After a whopping $13 million worth of assets was transferred to the consolidation wallet of Alameda Research, a new development suggests that there was a $2 million withdrawal by an Alameda-linked address labeled “brokenfish.eth”.
In one of the most recent updates from the crypto analytics platform, Arkham Intelligence, the money was taken out of BentoBox, a smart contract serving as the hub of the entire Sushi ecosystem, by the brokenfish.eth address. FTT, the FTX exchange’s native token, accounted for the majority of the withdrawal amounts.
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The Alameda address ‘brokenfish.eth’ just pulled out $2M of FTT from BentoBox in the past 10 minutes.
Taking bets on what is going to happen next… pic.twitter.com/paYc7K9aIF
— Arkham (@ArkhamIntel) February 6, 2023
Alameda and Sushiswap have a long relationship that began in 2020, when Sam Bankman-Fried (SBF) assumed control of the decentralized exchange protocol after its chief developer, Chef Nomi, pulled the community under his sleeve.
Apart from the $12 million, Bitfinex sent cryptocurrency to Alameda Research valued roughly $8.5 million, according to PeckShield. It was also reported that the FTX’s sister company received 1.545 ETH (about $2.5 million), 6 million USDT (or $6 million), and 4.6 million USDC. 6 million USDT and 1,545 ETH were sent from Bitfinex out of these assets.
#PeckShieldAlert ～$13M worth of cryptos have been transferred to Alameda consolidation-labeled address, including ~6M $USDT & 1,545 $ETH ($2.5M) from Bitfinex, ~4.6M $USDC from 0x7889
Wondering why Bitfinex transferred ~$8.5M worth of cryptos to Alameda consolidation address pic.twitter.com/YU8RNcrdxs
— PeckShieldAlert (@PeckShieldAlert) February 2, 2023
The transfer is currently unknown, however, it takes place barely one day after the founder of FTX and Alameda Research Sam Bankman-Fried was given a temporary communication ban by both companies.
On November 11, Alameda filed for bankruptcy. Since then, several deposits from numerous addresses have resulted in the accumulation of almost $183 million in other altcoins, including $54 million in BitDAO tokens, as well as more than $26 million in ETH in the consolidation wallet.
Nevertheless, the sum recovered might be higher given that liquidator are said to have lost over $11.5 million since gaining possession of Alameda’s trading accounts, some of which were avoidable, according to a study by crypto analytics firm Arkham Intelligence.
Filed under: Bitcoin - @ February 7, 2023 1:28 pm