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Alameda Wallets Resurrect To Transfer FTT in the Millions

Wallets linked to now-bankrupt Alameda Research became active again on Feb. 7, transferring out millions worth of FTX exchange’s native token, FTX Token (FTT). The Alameda wallet activity post FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed.

The Alameda address 'brokenfish.eth' transferred nearly $2 million worth of FTT tokens from BentoBox smart contract on Sushiswap. The smart contract in question serves as the central vault for the whole Sushi ecosystem. Former FTX CEO Sam Bankman-Fried has a history with Sushiswap that dates back to 2020 when he took over the protocol from former top developer Chef Nomi.

Alameda Research 4 wallet bought more than 1 million FTT (roughly worth $2.3 millio) in the range of $1.86 - $1.87. In addition to transferring 35,000 FTT to Abracadabra farm yield, they have not seen them move the fund out of the wallet. The wallet also opened a loan position on Abracadabra, currently mortgaging 73,000 FTT and $31,000.

(By PRASHANT JHA)

Related News:

Voyager Subpoenas FTX and Alameda Execs as Judge Orders Fee Examiner

Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Address

Alameda Research Wallet Receives $13M From Bitfinex, Other Sources

Voyager Creditors Reject Alameda’s Attempt to Recover $446M

Alameda’s Wallet Controlled by Liquidators Incurred $11.5M Loss in Two Weeks

FTX Token FTX Token $2.44
-0.64%
Alameda Research FTX FTT
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