FTX and Alameda Wallets Witness Altcoin Activity Surge: A Closer Look at the Timing and Impact on Coin Market (ALT)

• FTX and Alameda Research have reportedly transferred approximately $8.3 million worth of Ethereum (ETH) and Tether Gold (XAUT) to Wintermute and unknown addresses, according to a post by PeckShieldAlert.
• These transfers occurred a day before FTX debtors presented a new restructuring plan for the exchange, raising questions about the underlying reasons for the transfers.
• FTX, which received permission to sell its crypto assets from the court in recent months, has been consistently transferring altcoins to exchanges.

FTX and Alameda Research have transferred approximately $8.3 million worth of Ethereum and Tether Gold to unknown addresses and Wintermute, raising questions about the reasons behind these transfers.

FTX and Alameda Research Make Significant Crypto Transfers

According to a post by PeckShieldAlert, FTX and Alameda Research have transferred approximately $8.3 million worth of Ethereum (ETH) and Tether Gold (XAUT) to Wintermute and unknown addresses. The FTX-associated address transferred over $2 million worth of 860 Tether Gold (XAUT) to Wintermute, while an Alameda-associated wallet transferred approximately $6.3 million worth of a total of 2,027 Ethereum (ETH) to two unknown addresses.

Transfers Occur Amidst New Restructuring Plan for FTX

Interestingly, these transfers occurred a day before FTX debtors pres... Read the full article for FREE at COINOTAG!