FTX-linked Alameda Research withdrew $204 million from FTX.US before filing for bankruptcy.
According to analysis by blockchain firm Arkham Intelligence, more than 50% of the funds transferred were stablecoins indexed to the US dollar.
Claims Rising About Alameda Research
Alameda Research withdrew $204 million from FTX.US before filing for bankruptcy, according to analysis by blockchain firm Arkham Intelligence.
In a post shared on Twitter, the company stated that Alameda has withdrawn money from eight different addresses of FTX.US.
57.1% of the funds withdrawn were US dollar-indexed stablecoins such as USDT, USDC, BUSD and TUSD, while 24.2% were withdrawn as ETH and the remaining 18.7% as wBTC.
Of the ETH transferred, $35.52 million was sent to FTX and $13.87 million to an active trading wallet.
$10.4 million in assets were also sent to rival cryptocurrency exchange Binance.
John Ray, the new CEO of FTX, said at the bankruptcy hearing that the situation was the worst he had ever seen in his career.
