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Token C98
Token ETH
Token GALA

+5

Nov 02, 2023

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SOC Team

FTX and Alameda Research transferred out 9 assets

Outflow

Total tokens transferred

Token SOL

500K

SOL

Token SUSHI

2.1M

SUSHI

Token GALA

71.575M

GALA

Token C98

4.474M

C98

Token MATIC

14M

MATIC

Token MASK

809.934K

MASK

Token BAT

7.667M

BAT

Token LDO

650K

LDO

Token ETH

2.784K

ETH

FTX and Alameda Research transferred out a total of $46M worth of nine assets to Kraken, Binance, and Coinbase in the past 7 hours:

  • 500K SOL ($21.6M)
  • 14M MATIC ($9.3M)
  • 2,784 ETH ($5.15M)
  • 810K MASK ($2.51M)
  • 2.1M SUSHI ($2.37M)
  • 7.67M BAT ($1.64M)
  • 71.6M GALA ($1.4M)
  • 650K LDO ($1.22M)
  • 4.47M C98 ($842K)

 

Overall, since October 26, FTX and Alameda have transferred out $170M worth of 29 assets.

  • check out the complete list of sold tokens via this spreadsheet here

 

Related entities:

 

Notably, as the price of SOL has increased by nearly 80% in the past month, we noticed that:

  • FTX and Alameda have transferred 1.73M $SOL ($61.7M) out to exchanges since October 26
  • FTX still holds 1,137,681 SOL ($46.3M) in the two Cold Storages and has 3,963,725 SOL (162M) staked in the addresses.

 

Note that FTX will be permitted to:

  • sell off tokens in a series of weekly batches, with an initial limit of $50M for the first week and $100M for subsequent weeks
  • sell BTC and ETH only after providing a 10-day notice to the creditors' committee, ad hoc committee, and the U.S. Trustee
  • more details here

 

Fig 1. The total amount of assets sold by FTX and Alameda Research since October 26.

 

Fig 2. FTX Cold Storage 1 transferred out 500K SOL ($21.6M) recently.

#ftx
#alameda
#sol
#matic
#eth
#mask
#sushi
#bat
#gala
#ldo
#c98