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FTX's Alameda Address Receives $13 Million in Crypto, Check Out Sender

Thu, 02/02/2023 - 10:28
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Yuri Molchan
Alameda Research's address has seen large inflows of crypto, biggest portion came from one of biggest exchanges
FTX's Alameda Address Receives $13 Million in Crypto, Check Out Sender
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PeckShield Alert blockchain security company has announced on its Twitter handle that it spotted roughly $13 million in crypto transferred to a consolidation-labeled wallet that belongs to Alameda - a pocket trading firm of FTX founder Sam Bankman-Fried.

Bitfinex moves funds to Alameda wallet

Alameda Research is a trading company that belongs to the FTX exchange. Sam Bankman-Fried, the founder of FTX, tried to solve its liquidity trouble by using the funds of FTX customers. Both companies filed for insolvency in the first half of November last year.

According to the tweet, the aforementioned amount of crypto came in three transfers and in three coins – ETH, USDT and USDC. Around 6 million worth of USDT and 1,545 Ethereum (worth $2.5 million) were sent from crypto trading giant Bitfinex.

Roughly 4.6 million USDC were sent from an anonymous wallet ending in -0x7889.

PeckShield Alert has so far been unable to detect the aforementioned sender of USDC and has no explanation as to why Bitfinex would send roughly $8.5 million worth of cryptocurrencies to the consolidation wallet of the battered trading firm.

Besides, slightly over $65,000 in LDO token were sent from another Alameda wallet to the consolidation wallet.

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FTX intends to dump altcoins worth billions of USD

As covered by U.Today earlier, the current chief executive of bankrupt FTX crypto trader John Ray III and the team of liquidators, is planning to sell altcoins that have been recovered by them recently in order to reimburse multiple creditors of the exchange.

The sale of these altcoins is likely to bring the liquidators around $4.6 billion in fiat. Prior to that, they managed to locate a total of $5 billion in liquid assets belonging to the platform.

However, this is not enough to pay debts to all creditors. Therefore, the new FTX CEO now seeks permission to sell four of the company's subsidiaries, including FTX Europe and Embed Technologies.

Before the collapse, FTX declared the total number of creditors as 100,000. However, it may end up a lot more, coming close to one million of them.

Such a massive sell-off, though, could lead to a bearish wave on the market, making prices fall hard.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at