OKX, a cryptocurrency exchange, has sent over $8.3 million worth of digital assets to Alameda Research over the past seven days. The transfers were made in multiple transactions on May 29 and involved various cryptocurrencies, including Wrapped Bitcoin, Celsius, Shiba Inu, MakerDAO, Chiliz, DAI, Axie Infinity, Magic Internet Money, and others. The top five transfers with the highest monetary values were those involving WBTC, DAI, LEO, MIM, and SHIB, cumulatively worth $4.8 million.

This transfer comes after OKX sent over $60 million worth of USDT and Mask Network tokens to Alameda Research earlier this month. OKX has been making these transfers as part of its efforts to return FTX and Alameda’s frozen funds on its platform. In March, OKX announced that it had seized $157 million in crypto assets after FTX collapsed in November 2022.

Alameda’s Transfer Records

According to blockchain analytical firm Arkham Intelligence, Alameda Research has been transferring its leftover funds into the custody of Coinbase. During the last 24 hours, the bankrupt firm transferred USDT worth $10 million from its cold wallets to Coinbase Prime and deposited $31.2 million to the U.S.-based exchange in the past week. Alameda’s transfer records over the past month showed that it had transferred more than $250 million to Coinbase.

The Arkham Intelligence dashboard also revealed that Alameda’s wallet currently holds digital assets worth about $314.7 million. USDT is the bankrupt firm’s largest crypto holding, amounting to $56.4 million. Its other top holdings include 100 million BitDAO tokens worth $51.4 million, 19,292 Ethereum worth $36.6 million, $12.35 million USDC, 40.45 million Stargate tokens worth $28.82 million, and 16.39 million Polygon tokens worth $14.74 million. The wallet also contains a significant amount of altcoins like DAI, MASK, Lido, FTX Token, and Serum.

OKX has transferred over $8 million worth of crypto assets to Alameda Research over the past seven days. The transfer involves various cryptocurrencies, including WBTC, DAI, LEO, MIM, and SHIB, among others. OKX is making these transfers to return FTX and Alameda’s frozen funds on its platform, which it seized in March after FTX’s collapse. Alameda Research has been transferring its leftover funds into the custody of Coinbase, with its wallet holding digital assets worth about $314.7 million.

Exchanges

Articles You May Like

Fidelity Investments Resubmits Application for Bitcoin ETF as Institutional Interest Surges
North Korea’s Missile Program Funded by Cyberattacks and Crypto Theft
Republican House Members Draft Cryptocurrency Bill to Clarify Regulatory Roles
The Rise of Shiba Inu: Whales on the Move Ahead of Shibarium Launch

Leave a Reply

Your email address will not be published. Required fields are marked *