Notable Crypto Asset Transfers: FTX’s Bankruptcy Estate on the Move
The estate overseeing FTX’s bankruptcy has been actively transferring cryptocurrency assets to centralized exchanges, making two significant moves in quick succession.
Following an $8.6 million transfer to Binance, nearly $20 million worth of digital currencies was moved. Peckshield, an analytics and onchain intelligence firm, detected this movement, alerting the community. Approximately 470,000 solana (SOL), valued at $15 million, found their way to centralized exchanges, including Binance.
Other coins like ETH, COMP, and RNDN were also transferred, with an additional $2.5 million in ether sent to Coinbase. While the exact purpose of these transfers remains unclear, it is presumed that some of the assets are intended for trading or sale. FTX’s debtors have also engaged in staking activities. As the estate nears completion, it continues to work on final proposals in the bankruptcy case.
Clever Robot News Desk 29th October 2023
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