FTX-related addresses have moved $10.49 million in various assets to Wintermute’s deposit addresses on Binance and Coinbase in the last few hours, in an amazing display of cryptocurrency activity.
Significant volumes of cryptocurrency were transferred in a series of transactions, according to Arkham Intelligence data, indicating FTX’s investigation of investment diversification techniques.
Large Fund Movements on FTX
The platform Arkham Intelligence’s data analysis indicates that a significant portion of Ethereum, MKR, LINK, and AAVE make up the major deposits linked to FTX.
FTX’s Massive $10 Million Crypto Shift to Wintermute Analyzed,FTX’s Massive $10 Million Crypto Shift to Wintermute Analyzed
In the hours prior to composing this report, the researchers tracked bitcoin transfers between Alameda, FTX, Binance, and Coinbase wallets.
A few hours ago, 2,904 ETH worth $5.18 million were sent from a cryptocurrency wallet (0x8c8Caa) to the verified Wintermute address (0xde9A61). This was the first transaction.
Approximately 1,904 ETH worth roughly $3.38 million were transferred from this Wintermute address to Wintermute Binance in the next transaction. Additionally, 999.9 ETH totaling $1.78 million was moved from the Wintermute address and deposited into Coinbase. This represents the remaining Ethereum.
After then, three test transfers of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address were made from Alameda Research Wallets.
Approximately 1,341K MKR tokens valued $2.02 million were transferred from the FTX Cold Storage address to the Wintermute address following the conclusion of the test transfers.
Alameda Research Wallet also moved 11,974 AAVE worth $1.03 million and around 198,000 LINK worth $2.26 million from FTX Cold Storage to address 0xde9A61. Additionally, test trades utilising RNDR and COMP tokens were place at this time.
FTX Incorporates Diverse Ventures to Increase Investment Portfolio
Leading international cryptocurrency trading network Wintermute was awarded a significant number of tokens when FTX distributed some of its leftover assets.
$170 million in cryptocurrencies, including SOL, ETH, and MATIC, were recently moved by FTX and Alameda to other pools for staking, which is expected to provide significant returns.
With $3.4 billion in cryptocurrency assets, FTX is still constantly looking for new investment options. In the meantime, legal battles continue to rage between regulatory agencies, FTX, its founder, and its previous management.
FTX’s Massive $10 Million Crypto Shift to Wintermute Analyzed,FTX’s Massive $10 Million Crypto Shift to Wintermute Analyzed,FTX’s Massive $10 Million Crypto Shift to Wintermute Analyzed, FTX Crypto news, FTX News