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bitcoin
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    FTX Liquidator Transfers BIT and RAY Tokens, Market Reacts

    Latest News

    • Alameda Analysis transferred $64.4 million value of BIT tokens to Mirana Ventures.
    • FTX liquidator made a switch of just about $2 million in RAY tokens to Binance.
    • The US authorities transferred thousands and thousands in FTX/Alameda seized tokens to 2 wallets.

    Alameda Analysis simply transferred 72.6 million BitDAO (BIT) tokens—round $64.4 million—to Mirana Ventures. Alameda additionally received 10.335 million USDC and 28.4 million USDT from Mirana round 20 hours again.

    On-chain evaluation platform PeckShield mentioned the FTX liquidator additionally transferred 378,000 Raydium (RAY) tokens—round $1.99 million—to Binance. This might imply the liquidator goes to promote the tokens. BIT and RAY may each develop into risky within the quick time period.

    Nobody is aware of why these transfers occurred, however BIT went up 5.31% prior to now 24 hours, and RAY went up 5.44%. BIT is at the moment $0.9606, and RAY is $5.18, in line with CoinMarketCap knowledge.

    Alameda Analysis Holdings

    Arkham knowledge reveals that the Alameda Analysis pockets has $274 million. The bankrupt agency has 98.8 million BIT tokens, that are value $90.31 million.

    These BIT tokens are a part of an settlement between Alameda and BitDAO. BitDAO is a serious decentralized autonomous group backed by Bybit, Pantera, billionaire Peter Thiel, and others. Within the deal, Alameda needed to maintain 100 million BIT tokens that it received in November 2021 when it transformed 3.36 million FTT tokens.

    See also  Ethereum's Vitalik Buterin Shuffles USDC Funds, Doubtless Cause

    US Authorities Transfers FTX Funds

    America authorities additionally transferred among the FTX/Alameda seized funds. The switch included 5024 ETH (round $18.17 million), 13.58 million BUSD, 54.89 billion SHIB (round $1.55 million), and different tokens.

    Learn additionally: Andreessen Was Proper Regardless of FTX’s Partial Success – Musk and Nawfal

    Apparently, the US authorities’s pockets holds $19.4 billion in property. This contains over 198,000 Bitcoin, value roughly $18.99 billion with the pockets additionally holding $200 million in ETH.

    Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version will not be answerable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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