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    Bankrupt Alameda Analysis wallets resurrect and switch hundreds of thousands of FTT tokens

    Latest News


    • Alameda Analysis filed for Chapter 11 chapter in November.
    • The defunct Sam Bankman-Fried’s crypto buying and selling home filed for chapter alongside FTX and different affiliated corporations.
    • Wallets linked to the agency have abruptly resurrected and transferred hundreds of thousands of FTT tokens.

    In an unprecedented flip of occasions, crypto wallets linked to Alameda Analysis, a crypto buying and selling agency linked to Sam Bankman-Fried got here to life on February 7 and transferred hundreds of thousands of FTT (the native FTX token). The wallets then proceeded to open a mortgage place on Abracadabra, which is a decentralized crypto-lending platform.

    Particularly, two wallets had been concerned on this current transaction. The Alameda pockets tackle ‘brokenfish.eth’ made a switch of FTT tokens value $2 million from the BentoBox sensible contract on SushiSwap, which Sam Bankman-fried has had a historical past with since 2020 after taking up the DEX from Chef Nomi.

    The opposite pockets, the “Alameda Analysis 4” purchased greater than 1 million of FTT tokens value about $2.3 million. The identical pockets then went forward to open a mortgage place on Abracadabra mortgaging 73,000 FTT tokens and $31,000 money.

    It’s not the primary time Alameda wallets are seeing some big exercise put up the FTX chapter submitting; one thing which has turn into an enormous concern for the crypto neighborhood. The wallets beforehand grew to become energetic instantly after Sam Bankman filed for bail.

    See also  Ducati declares NFT debut on XRP Ledger

    On February 2, Blockchain safety agency PeckShield alerted that “Alameda Consolidation” obtained $13 million value of crypto belongings from three totally different wallets. Arkham Intelligence additionally revealed that Alameda Analysis withdrew $204M forward of its chapter submitting.

    The crypto neighborhood is questioning the capabilities of legislation enforcement businesses since it’s not clear how these wallets are being accessed and operated in such circumstances.

    The current fund motion involving the wallets is believed to be linked to the continued chapter proceedings. A majority are additionally of the view that the court-appointed FTX CEO, John Ray III licensed the transactions.

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