FTX and Alameda transferred $10.8m in cryptocurrency to three exchanges

Firms FTX and Alameda transferred $10.8 million in cryptocurrency to the Wintermute, Binance and Coinbase exchanges.

According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) ($2.41 million), 2.23 million Synapse (SYN) ($2.25 million), 8.76 million Fantom (FTM) ($1.18 million), 77.77b Shiba Inu (SHIB) ($644,000), as well as small amounts of Arbitrum (ARB) and Optimism (OP).

In total, since Oct. 2023, FTX and Alameda have transferred $551 million worth of 59 tokens.

In Nov. 2023, addresses affiliated with the collapsed FTX and Alameda transferred $24 million worth of crypto assets to the Kraken and OKX crypto exchanges.

On Sep. 13, a U.S. court approved a plan to sell FTX’s digital assets to pay off creditor claims. According to the resolution, the exchange must liquidate no more than $100 million worth of tokens per week for each position. However, with the approval of a special committee, the limit can be increased to $200 million, either on a one-time or ongoing basis.