In a series of transactions scrutinized by blockchain analytics firm PeckShield and as reported, crypto wallets associated with the now-defunct FTX exchange and its sister company, Alameda Research, have made headlines for transferring over $38.8 million worth of digital assets to various cryptocurrency exchanges since the start of 2024.
The data reveals that in February alone, these wallets transferred a minimum of $7 million to exchanges. Notable movements include a transfer of $2.6 million in Ether (ETH) to Coinbase and approximately $1.1 million in Ton (TON) and Fantom (FT) to FalconX and Wintermute on February 4. On February 6, a significant sum of at least $3.3 million in various assets was sent to Coinbase, Coinbase Prime, FalconX, and Binance.
January witnessed even more substantial activity, with the wallets linked to FTX and Alameda transferring a minimum of $35 million to exchanges. On January 4, a transfer of $4.1 million in Cronos (CRO) was recorded on Coinbase. This was followed by a $2.4 million ETH transfer to Coinbase and the movement of 200 Wrapped BTC (WBTC), valued at $9 million, to Binance on January 9.
The ongoing movements of significant sums from these wallets have attracted attention within the cryptocurrency community, prompting discussions about potential motivations behind the transfers and their implications for the broader market. As regulatory scrutiny continues to intensify in the crypto space, such transactions are likely to face increased monitoring and analysis from both industry experts and regulatory authorities.
