The defunct crypto exchange FTX, along with its sister company Alameda, successfully transferred approximately $38.5 million worth of assets to other centralized exchanges.
According to reports, the ongoing selling spree by FTX and Alameda is driven by the necessity to meet their obligations to creditors.
FTX’s Selling Spree?
According to on-chain analyst Spot On Chain, there have been recent transfers of approximately seven assets from addresses linked to FTX and Alameda to popular crypto exchanges. This sale occurred shortly after another one by these entities on Nov. 7.
In this latest round, assets worth around $38.5 million were moved by FTX and Alameda addresses.
The seven assets involved in the transfer are as follows: 750,000 SOL valued at $31.2 million, 325,501 ENS valued at $2.76 million, 10.1 million GMT valued at $2.22 million, 642,702 LDO valued at $1.26 million, 288,211 APE valued at $410,000, 127,407 BADGER valued at $365,000, and 555,342 BNT valued at $323,000.
