FTX, a cryptocurrency derivatives exchange, has been in the news recently due to the transfer of significant amounts of USDT and USDC to Coinbase, Binance, Kraken and Coinbase Custody Wallet. Three addresses associated with FTX/Alameda reportedly transferred 69.64 million USDT to the address "0xad6e," with 43 million USDT going to Coinbase, Binance and Kraken.
In addition, 75.94 million USDC were transferred to Coinbase Custody Wallet, according to blockchain data. This massive transfer of funds has raised concerns and speculation about the reasons behind it. Some suggest that it could be related to FTX's liquidation process, as the exchange is trying to gather all the funds it can to repay its investors to the extent possible.
(By Arman Shirinyan)
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