FTX and Alameda’s Diversified Investments

The crypto wallets associated with FTX and Alameda Research continue to diversify their investments across different altcoins and crypto exchanges.

Massive Transfers by FTX and Alameda

Today, FTX deposited $46 million worth of assets to Kraken, Binance, and Coinbase. The assets include 500K SOL ($21.6m), 14 million MATIC ($9.3M), 2,784 ETH ($5.15M), 810K MASK ($2.51M), 2.1 million SUSHI ($2.37M), 7.67 million BAT (1.64M), 71.6 million GALA ($1.4M), 650K LDO ($1.22M), and 4.47 million C98 ($842K).

Since October 26, FTX and Alameda have conducted transfers totaling around $170 million across 30 different assets.

FTX-labeled addresses directed $1 million worth of COMP and YFI to Coinbase Prime.

Yesterday, FTX and Alameda initiated transfers of $13.6 million to Binance and Coinbase. FTX also deposited $8.12 million worth of assets into Coinbase, including $4.85 million worth of 46.5 million GRT, $2.3 million worth of 972,073 RNDR, and $967,000 worth of 708.1 MKR.

Within three hours, additional deposits totaling $5.49 million were made, including 1.14 million DYDX worth $2.64 million, $1.05 million worth 192,888 AXS, and $522,000 worth of 5,858 AAVE.

FTX gained control over approximately $3.4 billion through a court ruling, allowing them to sell, stake, and implement risk-mitigation measures for their assets.

Motivation Behind the Transfers

These transfers are part of an ongoing trend. On October 31, the investment fund transferred $19.5 million in assets to Coinbase, and a few days prior, FTX sent approximately $8.6 million worth of assets to the same exchange.

Nansen also identified asset transfers from the FTX estate to a Binance address, including $2.2 million in Chainlink (LINK), $1 million in Aave (AAVE), $2 million in Maker (MKR), and $3.4 million in Ether (ETH), totaling $8.6 million. The origin of these assets is linked to FTX and Alameda Research.

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The exact motivation behind these transfers remains speculative, but it is possible that FTX and Alameda are preparing to sell or liquidate some of their holdings.

### News source: cryptopotato.com

By Team