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FTX and Alameda Research Transfer $23.59 Million in Crypto to Binance, Coinbase, OKX, and Galaxy Digital
FTX and Alameda Research, the parent company of failed cryptocurrency exchange FTX, have transferred $23.59 million in cryptocurrency to Binance, Coinbase, OKX, and Galaxy Digital as part of their efforts to recover the company.
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The transfer includes transactions that took place over the past four days, such as 3,150 Ethereum, 59.6 million ALEPH, 3.6 million CRV, 33,388 AVAX, and 50,282 LINK.
The bankrupt firms transferred a total of $23.59 million worth of 19 different cryptocurrencies to various exchanges over the past four days.
The highlights of the transfer include 3,150 Ether, 59.6 million ALEPH, 3.6 million CRV, 33,388 AVAX, and 50,282 LINK. Additionally, the total value of various assets such as PUNDIX, RSR, DOGE, BCH, CHR, AXS, MATIC, UNI, ORBS, FXS, DOT, GMT, 1INCH, and SOL exceeds $6.07 million.
Since October 24, FTX and Alameda have transferred a total of $591 million in cryptocurrency to various exchanges. However, the company is still said to have a debt of $3.8 billion.
FTX and Alameda’s efforts to recover assets for investors are ongoing. However, the impact of the bankruptcy recovery process will become clearer in the coming days.
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