Crypto wallets associated with the collapsed FTX exchange have been spotted moving over $100 million to major exchanges.
Lookonchain says the three addresses sent $69,640,000 worth of Tether (USDT) to one address, “0xad6e.” Then, $43,000,000 worth of that USDT was sent to top crypto exchanges Coinbase, Binance, and Kraken. Finally, $75,940,000 worth of Circle’s stablecoin, US Dollar Coin (USDC), was sent to a Coinbase Custody wallet.
Lookonchain also further clarifies the importance of these three wallets in the wake of 2022’s massive FTX crash.
“After the FTX/Alameda crash, all assets were collected at these 3 addresses…”
FTX filed for bankruptcy last November after its native asset collapsed, and it was forced to halt customer withdrawals. Former FTX CEO Sam Bankman-Fried is facing 115 years in prison after being accused of defrauding investors and mishandling customer assets.
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