The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to numerous crypto exchanges as of Nov.1.According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase.The assets include 46.5 million of The Graph’s GRT ( [GRT](https://cointelegraph.com/the-graph-grt-price-index)) ($4.85 million), 972,073 Render (RNDR) ($2.3 million) and 708.1 Maker ( [MKR](https://cointelegraph.com/maker-price-index)) ($967,000).The wallet addresses of FTX and Alameda Research made another $5.49-million transfer after three hours to Binance and Coinbase.The top three assets with the highest value in this transaction are 1.14 million dYdX (DYDX) ($2.64 million), 192,888 Axie Infinity ( [AXS](https://cointelegraph.com/axie-infinity-axs-price-index)) ($1.05 million) and 5,858 Aave ( [AAVE](https://cointelegraph.com/aave-price-index)) ($522,000).— Spot On Chain (@spotonchain) [#FTX]and [#Alameda]Research further deposited $5.49M worth of 6 assets [$AAVE], [$ALICE] [$AXS], [#C98], [$DYDX], [$ZRX], to [#Binance]and [#Coinbase]~30 mins ago.
Top 3 include: 1.14M [$DYDX]($2.64M) 192,888 [$AXS]($1.05M) 5,858 [$AAVE]($522K) Overall, [#FTX]and [#Alameda]Research have… [https://t.co/Rw0PnalH6G] [pic.twitter.com/JPbIXZJPzv] [November 1, 2023] Related: [FTX’s Sam Bankman-Fried will testify at criminal trial, say defense lawyers](https://cointelegraph.com/news/sam-bankman-fried-testify-criminal-trial) Prior to the movement of $13.1 million in funds on Nov.1, crypto analytic firm Nansen flagged several FTX-linked wallet movements over the past week, which saw the deposit of millions in various cryptocurrencies on different crypto exchanges.First, a batch of $8.1 million worth of altcoins was moved to Binance; Nansen estimated that another $24.3 million worth of assets that have left wallets linked to FTX and Alameda were deposited into Binance and Coinbase.Separate from the initial $8.6M moved:— Nansen (@nansen_ai) – 2.2M USD LINK – 1M USD AAVE – 2M USD MKR – 3.4M USD ETH We have discovered a further $24.3M that has left wallets linked to FTX and Alameda which has been deposited into Binance and Coinbase But that’s not all…[pic.twitter.com/Dru4MysxfQ] [October 27, 2023] On Oct.31, FTX linked 1.6 million Solana’s SOL ( [SOL](https://cointelegraph.com/solana-price-index)) tokens worth $56 million that were unstaked and sent to an unknown wallet.Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unknown wallet speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.
930k— MartyParty (@martypartymusic) [$SOL]moves from [@FTX_Official]and [@AlamedaResearch]Solana wallets over last 3 days to wallet 5RAHK.Is this [@novogratz]wallet at [@galaxyhq]Galaxy Investment Partners? 930k [$SOL]from FTX and Alameda passed through this wallet to wallets: -3ADzk -5sTQ5 -Ca469 -8CAAy… [pic.twitter.com/LXecevHUqz] [October 31, 2023] Data aggregated by Spotonchain suggests a total of $78 million worth of assets have been sent to crypto exchanges from FTX and Alameda wallets over the past week.FTX-linked wallets have [continued to send their stash of altcoins](https://cointelegraph.com/news/ftx-alameda-linked-wallets-transfer-10-million-worth-crypto-exchanges-5-hours) to crypto exchanges over the past month after a court-ordered phased liquidation process.The court order permits FTX to sell digital assets worth over $3 billion through an investment adviser in weekly batches in accordance with the pre-established rule.The [phased-out liquidation process](https://cointelegraph.com/news/ftx-crypto-liquidation-crypto-markets-solana-price) will allow FTX to sell $50 million worth of assets weekly, followed by a $100-million cap in the succeeding weeks.The cap can be increased up to $200 million per week with the previous written consent of the creditors’ committee and ad hoc committee after court approval.Magazine: [The truth behind Cuba’s Bitcoin revolution: An on-the-ground report](https://cointelegraph.com/magazine/cuba-bitcoin-revolution-adoption-embargo/).
