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In a noteworthy display of cryptocurrency transactions, addresses linked to FTX have moved $10.49 million in various assets to Wintermute’s deposit addresses on Binance and Coinbase in the last few hours.
Data from Arkham Intelligence indicates that large quantities of cryptocurrency were transferred in a series of transactions, implying FTX’s investigation into strategies for diversifying investments.
FTX Significant Fund Transfers
As per the analysis from Arkham Intelligence, the substantial deposits related to FTX include considerable amounts of Ethereum, MKR, LINK, and AAVE.
Analysts noted the movement of cryptocurrencies among Alameda, FTX, Binance, and Coinbase wallets in the hours leading up to this report.
The first transaction, which occurred a few hours ago, involved the transfer of 2,904 ETH valued at $5.18 million from a crypto wallet (0x8c8Caa) to the recognized Wintermute address (0xde9A61).
In the following transaction, around 1,904 ETH, approximately worth $3.38 million, was sent from this Wintermute address to Wintermute Binance. The remaining Ethereum, amounting to 999.9 ETH valued at $1.78 million, was also dispatched from the Wintermute address and deposited into Coinbase.
Subsequently, three test transactions were executed from Alameda Research Wallets, involving the transfer of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address.
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Upon completion of the test transfers, around 1,341K MKR tokens valued at $2.02 million were transferred from the FTX Cold Storage address to the Wintermute address.
Moreover, Alameda Research Wallet sent approximately 198,000 LINK worth $2.26 million, and 11,974 AAVE valued at $1.03 million were moved from FTX Cold Storage to address 0xde9A61. During this timeframe, there were also test trades involving RNDR and COMP tokens.
The Wintermute address later transferred 98,807 LINK, 11,974 AAVE, and 1,341 MKR to Wintermute Binance wallets. In total, 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ($2.26 million), and 12,000 AAVE ($1.03 million) were exchanged among Wintermute, FTX, Alameda, Binance, and Coinbase.
FTX Broadens Investment Portfolio with Varied Ventures
Wintermute, recognized as a prominent global crypto trading network, received a significant quantity of tokens as FTX allocated a portion of its remaining assets.
Recently, FTX and Alameda transferred $170 million in cryptocurrencies, including SOL, ETH, and MATIC, to various pools for staking, leading to expected high returns.
FTX, possessing extensive crypto holdings valued at $3.4 billion, continues to actively pursue investment opportunities. Meanwhile, ongoing legal challenges remain between regulatory authorities, FTX, its founder, and former management.
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