On Wednesday, an on-chain analytics provider, Nansen, illuminated a whole series of extremely intriguing transactions, all originating from Alameda Research and FTX addresses, currently under FTX creditor’s stewardship.
A substantial amount of 8.6 million dollars in crypto assets actually found its way to a particular address related to Binance, the biggest exchange by trade volume in the world.
$8.6m In Crypto Assets Transferred From Ftx And Alameda To Binance
While breaking down on-chain data, it was actually revealed that cryptocurrency addresses that are linked to Alameda and FTX are laden with multiple assets like ETH, MKR, AAVE, and LINK, orchestrated a kind of movement comprising 8.6 million dollars.
This on-chain move didn’t escape the careful eyes of Nansen, a company committed to blockchain analytics and intelligence. Nansen detailed their transactions, revealing the movement was worth 2.2 million dollars in LINK (chainlink), 1 million dollars in AAVE (aave), 2 million dollars in marker tokens (MKR), and 3.4 million dollars in ETH (Ethereum).
This journey of all the funds was literally a dance comprising two steps – initially moving towards one address even before settling in some Binance-controlled wallet. Nansen also speculated on X, actually attributing this specific revelation to its completely smart alerts system, “We don’t track off-chain movements, but presumably, this is to either sell or to prepare to sell these funds.”
Interestingly, amidst the assets that have already been moved, only ETH or Ethereum has the privilege of actually getting listed in the top 10 liquid cryptocurrency assets of FTX, marked for their liquidity and value. The list also includes the likes of Aptos (APT), tether (USDT), bitcoin (BTC), Solana (SOL), and more.
This saga unfolded on Wednesday, right after an FTX hacker cleverly maneuvered millions of dollars in cryptocurrency to defi applications in a previous chapter. This was an attempt to actually cover their tracks.
This move further prompted Thorswap to implement guardrails swiftly, fortifying its stringent defenses against multiple criminal tactics. The hacker, after leveraging some defi platforms, including Thorswap, left the whole community in a complete state of confusion and speculation.