Clear out while the time is right? FTX and Alameda-related addresses recently transferred $30 million worth of assets.

Is it Time to Leave? FTX and Alameda-associated Accounts Reportedly Move $30 Million in Assets.

In September, FTX was approved for liquidation. There has been frequent transfer of large amounts of assets in the past two days.

Since receiving court approval to liquidate its crypto assets in September, FTX has been catching up with the recent market activity, with news of token prices reaching new highs for the year. In the past two days alone, FTX has transferred a total value of over $30 million in 6 different assets.

Large amounts of SOL, ETH, and LINK have been transferred in the past two days

Today, according to on-chain analyst Yu Jin Monitoring, FTX and Alameda addresses have continued to transfer 21,967 COMP tokens (equivalent to approximately $1 million) and 974,270 RNDR tokens (equivalent to approximately $2 million) to Wintermute.

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In addition, according to monitoring by PeckShield, an address labeled “FTX Cold Storage” on Solana has transferred nearly 470,000 SOL tokens (equivalent to approximately $15 million), some of which have been transferred to a CEX. In addition, FTX-related addresses have transferred 1,393 ETH tokens (equivalent to approximately $2.5 million) to Coinbase.

On October 25, according to Lookonchain, FTX and Alameda asset receiving wallets, with addresses beginning with 0xde9A, transferred 2,904 ETH tokens (equivalent to approximately $5.18 million), 1,341 MKR tokens (equivalent to approximately $2.02 million), 11,974 AAVE tokens (equivalent to approximately $1.03 million), and 198,804 LINK tokens (equivalent to approximately $2.26 million) to Binance and Coinbase. The total value of these assets is approximately $10.49 million.

SBF testifies in court today, FTT rises over 20%

Yesterday, Bloomberg reported that SBF will testify in the fraud trial today (October 26).

SBF’s defense lawyer stated that SBF will directly appeal to the jury to prove that he did not commit or conspire to commit fraud on FTX, a once massive cryptocurrency trading platform. The defense team hopes to testify regarding his knowledge of lawyers’ involvement in certain aspects of FTX’s operations, understanding of industry practices, intentions concerning FTX funds during its collapse, and his knowledge of the financial conditions of FTX and Alameda.

Later, according to market data, FTT saw a short-term increase of 23.8%. FTT is currently priced at $1.31, still up nearly 15% compared to the price before the news of SBF’s court appearance.

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