- FTX and Alameda Research-related wallets dumped $13.5 million in assets.
- The wallets transferred 974,270 RNDR worth $2 million and 21,967 COMP worth $995K.
- The involvement of Binance in these mysterious transfers further intensified the intrigue.
Crypto-analytic platform Lookonchain unearthed a massive dumping of millions of dollars in assets from wallets associated with the bankrupt FTX and Alameda Research to Binance.
These assets, accounting for a total of $13.5 million, include 974,270 Render (RNDR) and 21,967 Compound (COMP), worth $2 million and $995K, respectively. As per the findings of Lookonchain, FTX and Alameda together hold a staggering $3.4 billion in virtual assets.
The report on the massive transfer of assets intensifies the mystery surrounding the transfers that have taken place over the past few days. Yesterday, Lookonchain exposed these wallets’ transfers of more than $10 million in assets, including 2,904 ETH, 1,341 MKR, 11,974 AAVE, and 198,804 LINK to Binance and Coinbase. While the transferred ETH is worth $5.18 million, MKR, AAVE, and LINK account for $2.02 million, $1.03 million, and $2.26 million, respectively.
Further, presenting a clear picture of the crypto firms’ asset holdings, Lookonchain claimed that the platforms own — $560 million BTC, $1.162 billion SOL, $192 million ETH, $72 million MEDIA, $120 million USDT, $137 million APT, $119 million XRP, $49 million BIT, $46 million STG, $41 million WBTC, $37 million WETH, $362 million SRM, $309 million MAPS, $164 million OXY, $28 million BRZ, and $51 million FIDA.
A report published by a blockchain research platform, Nansen, revealed that over $8 million in LINK, AAVE, MKR, and ETH were moved to a Binance account named “Oxaee.” The transactions’ repeated connections to Binance accounts create confusion and curiosity among investors, leaving queries unanswered.
In September 2023, U.S. bankruptcy judge John Dorsey approved FTX’s proposal to sell its assets, helping the firm to reimburse its debtors’ losses. The court’s ruling on FTX’s asset liquidation created headlines, pushing traders and investors into anxiety as they speculated on a colossal dump.
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