FTX Bankrupt Wallets Transfer $156 Million Worth of Digital Assets
Blockchain analytics firm Nansen has discovered that bankrupt crypto exchange FTX has moved around $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in a series of transactions. This movement of funds has raised concerns and attracted the attention of industry experts and investors. Nansen’s report sheds light on these transfers and provides valuable insights into the extent of FTX’s asset movements.
Unstaking $57 Million Worth Of SOL Tokens
According to Nansen’s report, FTX wallets have continued to transfer funds to various exchanges. Notable transactions include the movement of tokens such as Perpetual Protocol (PERP), Biconomy (BICO), Kyber Network (KNC), TrueFI (TRU), Band (BAND), Graph (GRT), Maker (MKR), Render (RNDR), USD Coin (USDC), Polygon (MATIC), Ren (REN), and ETH. Additionally, approximately 1.6 million SOL tokens worth $57.6 million have initiated the unstaking process. If these funds are moved, the total value of SOL tokens moved by FTX would be just under $90 million.
Major Transfers Of LINK, AAVE, And MKR Revealed
Nansen’s previous investigation uncovered significant transfers from wallets associated with FTX and Alameda Research. These funds were withdrawn from FTX and Alameda wallets before being sent to intermediary wallets and eventually deposited into Binance and Coinbase. The report reveals substantial transfers of Chainlink (LINK), Aave (AAVE), MKR, and ETH tokens. Additionally, 943,000 SOL tokens worth approximately $32 million were moved from the FTX Cold Storage wallet.
Hot Take: Concerns Rise Over FTX’s Asset Movements
The recent findings by Nansen regarding the movement of funds from FTX’s bankrupt wallets have sparked concerns within the cryptocurrency community. The report highlights significant transfers of various digital assets, including ETH and SOL, and provides insight into the scale of FTX’s asset movements. It remains to be seen how these transfers will impact the market and the future of FTX.
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