Share this article
FTX, Alameda Wallets Move More Than $78 Million in Crypto to Exchanges: Spotonchain
The tokens were moved to Binance and Coinbase overnight in accordance with a bankruptcy court order allowing the sale of some FTX assets, data from Spotonchain show.
Updated Nov 1, 2023, 4:30 p.m. Published Nov 1, 2023, 1:00 p.m.
Make us preferred on Google
Millions of dollars worth of crypto assets have been moved out of official wallets linked to FTX and its trading firm, Alameda, in the past 24 hours, according to Spotonchain, as the bankrupt exchange labors under court supervision to salvage value and maximize its token holdings.
More than $13 million worth of crypto tokens were moved to exchange platforms Binance and Coinbase from wallets linked to the two firms since midnight UTC, Spotonchain said. The tokens moved include [DYDX], [AAVE] and Axie Infinity’s [AXS].
STORY CONTINUES BELOW
A further 1.6 million solana [SOL] tokens ($65 million) have been unstaked by FTX's cold storage wallet, with 1.2 million tokens being sent to exchanges over the past week, data from Solana's block explorer shows.
The transfers follow a September court order that allows the bankruptcy estate to sell, stake and hedge crypto holdings worth over $3.4 billion. Last week, around $19 million in solana [SOL] and ether [ETH] were moved from wallets to crypto exchanges.
Read more: FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges
A Spotonchain post on X, formerly Twitter, dated Oct. 31 shows a further $19.5 million in various tokens were deposited to Coinbase. Peckshield also reported movements on Oct. 31, saying the wallets were labeled as belonging to FTX or Alameda.
FTX's bankruptcy proceedings continue in Delaware while its founder, Sam Bankman-Fried, faces a criminal fraud trial in New York.
UPDATE (Nov. 1, 16:30 UTC): Updates headline, adds paragraph on FTX unstaking solana.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ukraine banned Polymarket and there’s no legal way for it to come back
Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
What to know:
- Ukraine has no legal framework for Web3 prediction markets, and current legislation provides no recognition for such platforms.
- Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
- Legal changes are unlikely in the near future, as Parliamentary revisions to gambling definitions are extremely improbable during wartime, leaving prediction markets in a legal deadlock.
Top Stories
