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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The post Pay Attention to These Altcoins! FTX Transferred Its Assets! appeared first on Coin Engineer.