FTX Transfers $145M in Stablecoins to Crypto Exchanges
• Three wallets associated with FTX and its subsidiary, Alameda Research, have moved around $145 million in stablecoins.
• FTX is currently attempting to recover assets and liabilities exceed $8.8 billion.
• Alameda Research recently sold its remaining interest in venture capital firm Sequoia Capital to the Abu Dhabi sovereign wealth fund for $45 million and filed a lawsuit against Grayscale Investments in the Court of Chancery in Delaware.
FTX-related Stablecoins on the Move
$145M transferred to crypto exchanges as three wallets reported associated with FTX and Alameda Research have moved 69.64 million USDT and 75.94 million USDC between them.
Faced with demands from different groups of investors, FTX continues to move funds amid multiple ongoing investigations.
FTX Recovering Assets
According to lawyer Andy Dietderich, by January 2023, the troubled cryptocurrency exchange had already recovered $5 billion in cash and liquid cryptocurrencies – however total liabilities exceed $8.8 billion.
Alameda Sells Interests
Alameda Research sold its remaining interest in venture capital firm Sequoia Capital to the Abu Dhabi sovereign wealth fund for a payment of $45 million.
Lawsuit Against Grayscale Investments
The company has also filed suit against Grayscale Investments in the Court of Chancery in Delaware seeking „to unlock $9 billion or more in value for shareholders“.