Three addresses linked to bankrupt crypto exchange FTX and its sister trading company Alameda Research have moved about $145 million to crypto exchanges.
In a March 14 tweet, on-chain analyst Lookonchain report These addresses transferred 69.64 million USDT to the new address 0xad6e and then sent 43 million USDT to Binance, Coinbase and Kraken.
Blockchain investigators added that those addresses also transferred 75.94 million USDC to Coinbase’s custodial wallet.
Lookonchain said the transaction-making wallet was used to collect FTX assets after it crashed in November 2022.
Meanwhile, it is unclear at the time of writing why the bankrupt company made these transfers to these exchanges. Some members of the cryptocurrency community have speculated about the nature of these transactions.
crypto slate Crypto wallets connected to bankrupt companies reported an increase of more than $80 million on March 13 due to a broader market rebound.
FTX fundraising efforts continue
FTX’s new management continues its efforts to restore and consolidate the bankrupt crypto firm’s assets.
So far, the company says it has collected over $6 billion in cash and cryptocurrencies. However, according to court documents, the company has about $9 billion in debt and he only holds 1 bitcoin for 1,591 customers.
Meanwhile, as part of efforts to fully restore the company’s assets, FTX management wants to sell its $45 million stake in venture capital firm Sequoia Capital to Abu Dhabi-based Al Nawwar Investments RSC Limited. thinking about.
In addition, the company has submitted A lawsuit against Grayscale Investments to unlock trust in Bitcoin and Ethereum so investors can redeem their shares and reduce administrative costs.
The bankrupt exchange also proposed a $4 million bonus plan for employees with “unique and specialized skill sets” that are hard to replace and important to the case.
