The post FTX and Alameda Transfer $350 Million in Crypto to Exchanges for Potential Sell-Off appeared first on Coinpedia Fintech News
In the latest whirlwind of activity in the cryptocurrency world, FTX and Alameda Research are reportedly transferring a large volume of crypto assets to various exchanges, signaling a possible asset liquidation strategy as they navigate bankruptcy and legal disputes. The following report delves into the details of these movements and the broader implications for the market and the companies involved.
According to a recent analysis by blockchain firm Spot On Chain, FTX and Alameda Research have transferred approximately $38.5 million in various cryptocurrencies to exchanges, potentially preparing for liquidation. The companies, which are currently embroiled in bankruptcy and legal turmoil, have made these transfers as part of a larger strategy to address their debt obligations.
[Updated] #FTX and #Alameda further transferred out $38.5M worth of 7 assets
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