Alameda linked wallet bought 1 million FTT, worth $2.3 million, before opening a loan position on the decentralized crypto lending platform Abracadabra. 1381 Total views 44 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT Wallets linked to the bankrupt Alameda Research became active again on Feb. 7, transferring millions worth of FTX Tokens (FTT). The Alameda wallet activity post-FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed.
The Alameda wallet address, brokenfish.eth, transferred nearly $2 million worth of FTT tokens from the BentoBox smart contract on SushiSwap. The smart contract in question serves as the central vault for the entire Sushi ecosystem. Former FTX CEO Sam Bankman-Fried has a history with SushiSwap that dates back to 2020 when he took over the protocol from former top developer Chef Nomi.
The Alameda Research 4 wallet bought more than 1 million FTT (roughly $2.3 million) in the $1.86$1.87 range. The wallet also opened a loan position on Abracadabra, currently mortgaging 73,000 FTT and $31,000.Movement of FTT tokens from Alameda wallets. Source: Etherscan
Many linked the movement of funds to the ongoing bankruptcy proceedings and believed John Ray III, the court-appointed CEO of FTX, sanctioned the fund movements. Ray III has made no secret of his desire to seize control of the exchanges assets and those of its subsidiaries to pay off its debts. On Jan. 17, FTX announced that it had discovered over $5.5 billion in liquid assets throughout its investigations, with more than $3 billion owed to its top 50 debtors.
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This was not the first instance in February that Alameda-linked wallets moved funds. On Feb. 2, Blockchain security firm PeckShield alerted that Alameda Consolidation received $13 million worth of crypto assets from three different wallets.
#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 first is owned by the crypto exchange Bitfinex. It sent approximately 6 million Tether (USDT) and 1,545 Ether (ETH), totaling approximately $8.5 million. The other unidentified individuals transferred approximately $6 million in USD Coin (USDC) to the Alameda Consolidation address. #Blockchain #Ethereum #Transactions #Sam Bankman-Fried #FTX
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