Blockchain analytics firm, Arkham Intelligence, revealed that Alameda Research withdrew $204 million from FTX.US before its collapse, being the entity that withdrew the most funds among a list of entities that included Yuga Labs and Genesis.
Since the collapse of the FTX crypto exchange on November 6, FTX’s sister company, Alameda, has transferred a total of $204 million in various crypto assets to eight different addresses.
Alameda, FTX exploiter with $49 million, and Amber Group with $40 million were the top three entities that withdrew the most funds from FTX’s US subsidiary.
Alameda was most likely acting as a link between FTX.US and FTX International, as $142.4 million of the assets were transferred to FTX International wallets.
Alameda mainly withdrew USD-pegged stablecoins, Ethereum, and Wrapped Bitcoin.
According to reports, 57.1% ($116 million) of the withdrawn funds were in USD stablecoins (USDT, BUSD, TUSD, and USDC). Most of the funds were sent to FTX, while $10.4 million USDT was sent to rival exchange Binance.
Alameda withdrew $38.06 million (18.7%) in wrapped Bitcoin (wBTC), which was then bridged in its entirety to the BTC Blockchain.
Out of the $49.39M in ETH (24.2%), $13.87M was sent to a large active trading unknown wallet: 0xa20, which is active in OTC trading and still making token transfers.
