FTX/Alameda Moves 231 BTC, Sending 200 BTC to Coinbase
The post FTX/Alameda Moves 231 BTC, Sending 200 BTC to Coinbase appeared on BitcoinEthereumNews.com.
A wallet linked to Alameda Research has transferred a large amount of Bitcoin, as reported by blockchain security firm PeckShieldAlert. Approximately 231.4 BTC, valued at $13.5 million, was moved in the past few hours, with 200 BTC of it being sent directly to Coinbase. This substantial transfer is part of a pattern of movements involving wallets tied to the now-defunct FTX exchange, prompting interest in the purpose of these funds and their potential implications for market liquidity. #PeckShieldAlert #Alameda labeled address has transferred 231.4 $BTC (worth ~$13.5M) out, of which ~200 $BTC was sent to #Coinbase within the last 4 hours. pic.twitter.com/GaazdqRbCp — PeckShieldAlert (@PeckShieldAlert) September 13, 2024 Breakdown of Inputs and Outputs The recent transaction involved five different inputs from the same Alameda-related address, 3Ms…zMm. These inputs totaled 231.39398632 BTC and came from separate deposits: 37.80 BTC, 59.82 BTC, 56.93 BTC, 39.47 BTC, and 37.91 BTC. Once these inputs were compiled, the total BTC was split into two distinct outputs. A portion, 31.39 BTC, moved to the address beginning with bc1…rs4, while the bulk of the transaction, 200 BTC, was sent to a Coinbase address. SOL Activity Following BTC Transfers The transfer comes on the heels of another significant movement involving an Alameda Research wallet. Just a day earlier, a wallet reportedly linked to FTX redeemed a large sum of Solana tokens—177,693 SOL—worth nearly $24 million from the Solana Proof-of-Stake network. Despite this redemption, the wallet still holds 7.057 million SOL, valued at approximately $954 million, which it stakes within the Solana ecosystem. History of Crypto Movements It is important to remember that FTX, once one of the largest cryptocurrency exchanges, heavily invested in Solana before its downfall in November 2022. The exchange’s bankruptcy contributed to a significant drop in the value of SOL, with its price plunging as…
Filed under: News - @ September 13, 2024 7:26 am