Bankrupt crypto companies FTX and Alameda Research continue to transfer altcoins to exchanges.
According to data reported by on-chain analysis platform Lookonchain, FTX and Alameda continue to transfer Ethereum (ETH) without slowing down.
Within the past 15 days, the companies transferred 6,500 Ethereum worth 24.5 million dollars to the US-based crypto exchange Coinbase. The noteworthy point is the price drops that followed these Ethereum transfers.
FTX and Alameda also conducted 6 more transfers of 6 different altcoins worth 6.28 million dollars during the same 15-day period. These altcoins include ALI, GAL, TONCOIN, WAVES, OHM, HGET, TLM, and MTA.
The largest transfers among these 6 altcoins witnessed Artificial Liquid Intelligence (ALI) and Galxe (GAL). Wintermute, the market maker, received 2.75 million dollars worth of ALI, and the cryptocurrency exchange Binance received 1.78 million dollars worth of GAL.
FTX and Alameda are conducting these transfer operations in order to repay their creditors.
