Alameda-linked wallet transferring stablecoins amid USDC’s depeg
Mercy Adeola
15 Mar 2023 9:08 PM
A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms...
- A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets.
- Stablecoins worth $188.5 million were transferred on March 14 from three other accounts connected to FTX and Alameda to other major exchanges.
- Over $47 million worth of USDC was sent to GSR Markets on March 13.
- $50.3 million was sent to Cumberland across two transactions.
- Three more wallets previously connected to FTX and Alameda sent $188.58 million to the cryptocurrency exchanges Coinbase, Kraken, and Binance.
- It is unclear whether the cash are being consolidated by the bankruptcy officials or are being invested to generate a yield.
- The newly appointed CEO of FTX, John J. Ray III, has been considering measures to make creditors whole since the failure of FTX and Alameda in November.
The article provides factual information about the transfer of stablecoins and cryptocurrencies from wallets linked to Alameda Research estate and FTX. There is no clear positive or negative sentiment expressed in the article.
Related Questions
What is the total amount of stablecoins transferred from wallets linked to Alameda Research estate and FTX?
Which cryptocurrency exchanges received funds from the Alameda wallet?
What is the reason for the transfer of stablecoins and cryptocurrencies from these wallets?
Who is the newly appointed CEO of FTX and what measures is he considering to make creditors whole?
Is it clear whether the transferred cash is being consolidated by bankruptcy officials or being invested to generate a yield?
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