Alameda Research withdrew $204 million before bankruptcy filing: Arkham Intelligence

According to analysis by blockchain firm Arkham Intelligence, over 50% of funds transferred after November 6 were pegged stablecoins the USD. 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 flows 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

Of the funds withdrawn, $116 million, or 57.1%, was in USD pegged stablecoins, including Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and TrueUSD (TUSD) ).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

“The withdrawn wBTC was sent to the Alameda WBTC Merchant Wallet and then fully linked to the BTC Blockchain,” Arkham said, adding that of the $204 million transferred, $142.4 million, or $69 %, were sent to wallets. owned by 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 an exchange or as an intern…