Bankrupt crypto trading firm Alameda Research’s wallets have been involved in some questionable transactions of late, as it engages in a series of swaps, converting several ERC-20 tokens to USDT and ETH. The converted assets were then routed through multiple addresses to ChangeNow, FixedFloat, and Binance.
Blockchain security platform Peck Shield highlighted the development in a tweet today. According to Peck Shield, Alameda made the swaps using two ETH addresses, and the addresses began swapping multiple tokens yesterday at 21:05 (UTC). Tokens swapped include SUSHI, AAVE, UNI, LINK, LDO, and many others. Most tokens were in small quantities, except LDO, worth $700K. Whoever is behind the transactions swapped all tokens for USDT and ETH.
(By Ammara)
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