Share this article
FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Updated Oct 26, 2023, 5:17 p.m. Published Oct 26, 2023, 8:46 a.m.
The debtor group controlling wallets linked to the cold storage of bankrupt crypto exchange FTX moved more than $19 million worth of assorted tokens to crypto exchange addresses on Thursday, blockchain data shows.
On-chain analytics firm Peckshield said some 470,000 SOL, worth $15 million at current prices, were moved to different wallets. “Some of these funds have been sent to CEXs like Binance,” the firm added, referring to centralized crypto exchanges.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
LIVE: Sam Bankman-Fried Will Testify Soon Today in the FTX Fraud Trial
An Ethereum-based FTX-linked wallet transferred $2.5 million worth of various tokens, including 11,000 COMP, to a Binance deposit address. Yet another transferred 1,395 ether , worth $2.5 million, to a Coinbase (COIN) address, Peckshield said.
In addition, #FTX-labeled address has transferred ~1,393 $ETH (~$2.5M) to #Coinbase pic.twitter.com/EmMjL2wIGV
— PeckShieldAlert (@PeckShieldAlert) October 26, 2023
On-chain analytics firm CryptoQuant confirmed the wallet labels in a Telegram message to CoinDesk.
Cold storage refers to an offline wallet that is not connected to the internet, as opposed to a hot wallet, which is one held on a crypto exchange or online.
The debtor group in control of the wallets has made several transactions in the past few weeks. On Wednesday, an $8 million tranche of tokens was moved to Binance across several transactions.
Earlier in October, the group staked over $122 million of SOL and $30 million of ETH, a position on which it stands to earn at least $9 million worth of rewards yearly.
FTX collapsed after CoinDesk published revelations concerning the state of its balance sheet last year. New CEO John J. Ray III has excoriated financial controls at the company, and founder Sam Bankman-Fried is undergoing trial.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
