A group of debtors managing the cold storage
wallets of the collapsed crypto exchange FTX has transferred more than $19
million worth of assorted tokens to various crypto exchange addresses.
The on-chain analytics firm Peckshield, as quoted by
Coindesk, revealed that approximately 470,000 SOL tokens, valued at $15 million
based on current market prices, were transferred to different wallets on
various crypto exchanges, including Binance.
Besides that, an Ethereum -based wallet associated with FTX executed a transfer of assets totaling $2.5 million, encompassing 11,000
COMP tokens, to a Binance deposit address. In a separate transaction, 1,395
Ether (ETH), with a valuation of $2.5 million, found its way to Coinbase.
#PeckShieldAlert #FTX Cold Storage-labeled address on #Solana has transferred ~470K $SOL (~$15M) out. Some of these funds have been sent to #CEXs like #Binance #FTX Cold Storage-labeled address on #Ethereum has transferred ~$2.5M worth of cryptos, including 11K $COMP & ~974K… pic.twitter.com/KSi4Fgf3Al
— PeckShieldAlert (@PeckShieldAlert) October 26, 2023
Cold storage refers to offline wallets that are not
connected to the internet. This stands in contrast to hot wallets, which are
held on crypto exchanges and are accessible online. Cold storage adds an extra
layer of security to the storage of digital assets.
Keep Reading
In a separate report, the blockchain analytics firm
Nansen disclosed a significant transfer of crypto assets worth $8.6 million
from FTX and Alameda Research. These funds, comprising Chainlink (LINK), Aave (AAVE), Maker (MKR), and
ETH, found their way to a Binance address, raising concerns about the motive
behind these transactions.
LINK, AAVE, MKR, and ETH on the Move
The transferred assets comprise $2.2 million in LINK, $1 million in AAVE, $2 million in MKR, and
$3.4 million in ETH. Nansen, while emphasizing that it does not track off-chain transactions, raised the possibility that these funds might have been relocated with the intent of selling or preparing them for sale.
FTX and Alameda funds are on the move! 🏃
– 2.2M USD LINK- 1M USD AAVE- 2M USD MKR- 3.4M USD ETH
These funds moved to 0xde9 then 0xaee which is a Binance address
We don’t track offchain movements, but presumably, this is to either sell or to prepare to sell these funds pic.twitter.com/n6jfyghDmk
— Nansen 🧭 (@nansen_ai) October 25, 2023
Over a week ago, FTX staked $150 million in crypto
assets, specifically Solana’s SOL and ETH. This move aimed to generate a return
for the investors who suffered losses following the collapse of FTX.
According to a recent report by Finance Magnates,
FTX staked over 5.5 million SOL, valued at $122 million, and more than 24,000
ETH, worth $30 million. The staked tokens are expected to yield an annual
return of 6.79%, potentially resulting in more than $8 million in SOL tokens.
On the other hand, the staking of ETH was conducted directly on the network,
promising an annual return of 3.4%.
A group of debtors managing the cold storage
wallets of the collapsed crypto exchange FTX has transferred more than $19
million worth of assorted tokens to various crypto exchange addresses.
The on-chain analytics firm Peckshield, as quoted by
Coindesk, revealed that approximately 470,000 SOL tokens, valued at $15 million
based on current market prices, were transferred to different wallets on
various crypto exchanges, including Binance.
Besides that, an Ethereum -based wallet associated with FTX executed a transfer of assets totaling $2.5 million, encompassing 11,000
COMP tokens, to a Binance deposit address. In a separate transaction, 1,395
Ether (ETH), with a valuation of $2.5 million, found its way to Coinbase.
#PeckShieldAlert #FTX Cold Storage-labeled address on #Solana has transferred ~470K $SOL (~$15M) out. Some of these funds have been sent to #CEXs like #Binance #FTX Cold Storage-labeled address on #Ethereum has transferred ~$2.5M worth of cryptos, including 11K $COMP & ~974K… pic.twitter.com/KSi4Fgf3Al
— PeckShieldAlert (@PeckShieldAlert) October 26, 2023
Cold storage refers to offline wallets that are not
connected to the internet. This stands in contrast to hot wallets, which are
held on crypto exchanges and are accessible online. Cold storage adds an extra
layer of security to the storage of digital assets.
Keep Reading
In a separate report, the blockchain analytics firm
Nansen disclosed a significant transfer of crypto assets worth $8.6 million
from FTX and Alameda Research. These funds, comprising Chainlink (LINK), Aave (AAVE), Maker (MKR), and
ETH, found their way to a Binance address, raising concerns about the motive
behind these transactions.
LINK, AAVE, MKR, and ETH on the Move
The transferred assets comprise $2.2 million in LINK, $1 million in AAVE, $2 million in MKR, and
$3.4 million in ETH. Nansen, while emphasizing that it does not track off-chain transactions, raised the possibility that these funds might have been relocated with the intent of selling or preparing them for sale.
FTX and Alameda funds are on the move! 🏃
– 2.2M USD LINK- 1M USD AAVE- 2M USD MKR- 3.4M USD ETH
These funds moved to 0xde9 then 0xaee which is a Binance address
We don’t track offchain movements, but presumably, this is to either sell or to prepare to sell these funds pic.twitter.com/n6jfyghDmk
— Nansen 🧭 (@nansen_ai) October 25, 2023
Over a week ago, FTX staked $150 million in crypto
assets, specifically Solana’s SOL and ETH. This move aimed to generate a return
for the investors who suffered losses following the collapse of FTX.
According to a recent report by Finance Magnates,
FTX staked over 5.5 million SOL, valued at $122 million, and more than 24,000
ETH, worth $30 million. The staked tokens are expected to yield an annual
return of 6.79%, potentially resulting in more than $8 million in SOL tokens.
On the other hand, the staking of ETH was conducted directly on the network,
promising an annual return of 3.4%.
