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According to the reports from Lookonchain, FTX and Alameda Research made a cryptocurrency transfer worth 22 million dollars.
Specifically after declaring bankruptcy, FTX and Alameda Research, transferred significant amounts of cryptocurrency to leading exchanges. The company has conducted transactions with 59 different altcoins valued at a total of 551 million dollars since October 2023.
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This transfer, encompassing a portfolio containing various cryptocurrencies, involves altcoins like $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO.
The recent transfer noticed a 10.8 million dollar transfer made to platforms like Wintermute, Binance, and Coinbase. This transfer was distributed among eight different tokens: StepN, Uniswap, Synapse, Klaytn, Fantom, Shiba Inu, Arbitrum, and Optimism.
FTX and Alameda’s transfer on October 24 surpassed 10 million dollars, which was redistributed to Binance and Coinbase accounts. On November 14, 2023, a cryptocurrency transfer worth 24 million dollars drew attention on the Kraken and OKX exchanges.
Despite increasing its asset value above 5 billion dollars, FTX is struggling with a tough debt burden exceeding 8.8 billion dollars. The company and Alameda are making a great effort to advance in liquidations to provide some relief to creditors, as the seriousness of financial difficulties become evident.
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