Alameda Research Withdrew $204 Million Before Bankruptcy Filing - Arkham Intelligence

According to analysis by blockchain firm Arkham Intelligence, over 50% of funds transferred after Nov. 6 were state-pegged stablecoins United States.
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Alameda Research withdrew more than $200 million from FTX.US before filing for bankruptcy, according to analysis by blockchain firm Arkham Intelligence published Nov. 25.

In a Twitter thread, Arkham revealed that Alameda Research, FTX's sister company, withdrew $204 million from eight different FTX US addresses in a variety of crypto assets, mostly stablecoins, in the last days before the collapse.< /p>
Arkham analyzed FTX US feeds in the last days before the collapse, finding that Alameda withdrew the most funds, at $204 million.

Below is a diagram of withdrawals to entities identified by Arkham from FTX US.

n.b. this thread is only about FTX US assets, not FTX International. pic.twitter.com/QFPVlVIWhO
—Arkham | Crypto Intelligence (@ArkhamIntel) November 25, 2022
Of the withdrawn funds, $116 million, or 57.1%, was in US dollar-pegged stablecoins, including USDT, USDC, BUSD, and TUSD. Arkham's analysis also showed that $49.49 million (24.2%) of funds were in Ether (ETH) and $38.06 million, or 18.7%, in Wrapped Bitcoin (wBTC) .

“The withdrawn wBTC was sent to the Alameda WBTC Merchant Wallet and then linked in its entirety to the BTC Blockchain,” Arkham said, adding that of the $204 million transferred, $142.4 million, or 69%, were sent to wallets belonging to FTX International, "suggesting that Alameda may have operated to bridge the two entities."

Of the transferred Ether, $35.52 million was sent to FTX and $13.87 million was sent to a large active trading wallet. The company noted that it is “unknown whether the nearly 14 million ETH was sent to 0xa20 as part of a transaction or as an internal funds transfer within Alameda.”

An additional $10.4 million was sent to rival cryptocurrency exchange Binance.

During the initial bankruptcy filing in the United States Bankruptcy Court for the District of Delaware, new FTX CEO John Ray III

Crypto Nov 26, 2022 0 55 Add to Reading List

Alameda Research Withdrew $204 Million Before Bankruptcy Filing - Arkham Intelligence

According to analysis by blockchain firm Arkham Intelligence, over 50% of funds transferred after Nov. 6 were state-pegged stablecoins United States.

Alameda Research withdrew $204M ahead of bankruptcy filing - Arkham Intelligence

New

Alameda Research withdrew more than $200 million from FTX.US before filing for bankruptcy, according to analysis by blockchain firm Arkham Intelligence published Nov. 25.

In a Twitter thread, Arkham revealed that Alameda Research, FTX's sister company, withdrew $204 million from eight different FTX US addresses in a variety of crypto assets, mostly stablecoins, in the last days before the collapse.< /p>

Arkham analyzed FTX US feeds in the last days before the collapse, finding that Alameda withdrew the most funds, at $204 million.

Below is a diagram of withdrawals to entities identified by Arkham from FTX US.

n.b. this thread is only about FTX US assets, not FTX International. pic.twitter.com/QFPVlVIWhO

—Arkham | Crypto Intelligence (@ArkhamIntel) November 25, 2022

Of the withdrawn funds, $116 million, or 57.1%, was in US dollar-pegged stablecoins, including USDT, USDC, BUSD, and TUSD. Arkham's analysis also showed that $49.49 million (24.2%) of funds were in Ether (ETH) and $38.06 million, or 18.7%, in Wrapped Bitcoin (wBTC) .

“The withdrawn wBTC was sent to the Alameda WBTC Merchant Wallet and then linked in its entirety to the BTC Blockchain,” Arkham said, adding that of the $204 million transferred, $142.4 million, or 69%, were sent to wallets belonging to FTX International, "suggesting that Alameda may have operated to bridge the two entities."

Of the transferred Ether, $35.52 million was sent to FTX and $13.87 million was sent to a large active trading wallet. The company noted that it is “unknown whether the nearly 14 million ETH was sent to 0xa20 as part of a transaction or as an internal funds transfer within Alameda.”

An additional $10.4 million was sent to rival cryptocurrency exchange Binance.

During the initial bankruptcy filing in the United States Bankruptcy Court for the District of Delaware, new FTX CEO John Ray III