A recent analysis by Spot On Chain, a blockchain analytics firm, revealed that wallets associated with the now-defunct crypto trading firms FTX and Alameda Research have moved $10.8 million in eight different cryptocurrencies to accounts on popular exchanges like Binance, Coinbase, and Wintermute.
According to the findings, these entities have reportedly transferred a total of $551 million in 59 different cryptocurrencies since October 24.
A recent transaction of $10.8 million involved the distribution of funds across eight different cryptocurrencies. The breakdown includes $2.58 million in StepN GMT, $2.41 million in Uniswap UNI, $2.25 million in Synapse SYN, $1.64 million in Klaytn KLAY, $1.18 million in Fantom FTM, $644,000 in Shiba Inu SHIB, and smaller amounts in Arbitrum ARB and Optimism OP.
On October 24, $10 million was transferred from FTX and Alameda wallets to a single wallet, which was later moved to Binance and Coinbase accounts. A similar transaction occurred on November 1, involving the transfer of $13.1 million to Binance and Coinbase accounts between the parties.
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