Nansen, a blockchain analytics firm, has reported that wallets linked to FTX - a bankrupt crypto exchange - have moved around $156 million worth of digital assets including Ethereum (ETH) and Solana (SOL) in a series of transactions over the past week. The movement of these funds has raised concerns among industry experts and investors. Nansen's report provides valuable insights into the extent of FTX's asset movements. FTX transfers $150M in assets, including ETH and SOL, amid bankruptcy.
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Bankrupt FTX Wallets Unstake $57 Million Worth Of SOL Tokens
The latest Nansen report shows that FTX wallets have continued to transfer funds to various exchanges. Notable transactions include:
- 695,000 PERP tokens worth $423,000
- 767,000 BICO tokens worth $182,000
- 833,000 KNC tokens worth $616,000
- 108 million TRU tokens worth $420,000
- 138,000 BAND tokens worth $221,000
- 2.5 million GRT tokens worth $273,000
- 845 MKR tokens worth $1.17 million
- 7.16 million RNDR tokens worth $17.8 million
- 10.5 million USDC
- 23,000 MATIC tokens worth $15,000
- 9.5 million REN tokens worth $500,000
- 1.1 million ETH tokens worth $2 million
Furthermore, the report notes that an additional 1.6 million SOL tokens worth $57.6 million have initiated the unstaking process. Although these funds have not yet left the wallet, their potential movement would bring the total SOL tokens moved by FTX to just under $90 million.
Taking into account the unstaking of SOL and the transfer of new assets to Coinbase and Binance, the total value of funds moved by FTX now stands at $156 million.
Major Transfers Of LINK, AAVE, And MKR Unveiled
Nansen's investigation has revealed significant transfers from wallets linked to FTX and Alameda Research, the trading arm of FTX. These funds were initially withdrawn from FTX and Alameda wallets and then sent to intermediary wallets before being deposited into Binance and Coinbase. The report discloses the following noteworthy movements:
- $2.2 million worth of Chainlink (LINK) tokens
- $1 million worth of Aave (AAVE) tokens
- $2 million worth of MKR tokens
- $3.4 million worth of ETH tokens
In addition to these transfers, Nansen discovered that 943,000 SOL tokens, equivalent to approximately $32 million, were moved from the FTX Cold Storage wallet.
These recent findings by Nansen have raised concerns within the cryptocurrency community regarding the movement of funds from wallets associated with the bankrupt crypto exchange FTX. The report highlights substantial transfers of various digital assets, including ETH and SOL, providing insight into the scale of FTX's asset movements.
FTX's native token, FTT, is currently trading at $1.23 in the market. Although there was a false breakout on October 23, where the token briefly surpassed $1,360, it has since been consistently declining. However, over the past 30 days, FTT has maintained a profit margin of 3.7%, indicating a relatively stable performance during this period.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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