FTX liquidator transfers BIT and RAY tokens, market reacts

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  • Alameda Analysis transferred $64.4 million price of BIT tokens to Mirana Ventures.
  • FTX liquidators transferred roughly $2 million in RAY tokens to Binance.
  • The US authorities transferred thousands and thousands of {dollars} of seized FTX/Alameda tokens to 2 wallets.

Alameda Analysis simply transferred 72.6 million BitDAO (BIT) tokens (roughly $64.4 million) to Mirana Ventures. Alameda additionally acquired 10.335 million USDC and 28.4 million USDT from Milana about 20 hours in the past.

On-chain analytics platform PecShield stated FTX liquidators additionally transferred 378,000 Raydium (RAY) tokens (roughly $1.99 million) to Binance. This might imply that the liquidator sells the tokens. Each BIT and RAY will be unstable within the quick time period.

Nobody is aware of why this switch occurred, however prior to now 24 hours, BIT has elevated by 5.31% and RAY has elevated by 5.44%. Based on knowledge from CoinMarketCap, BIT is at present at $0.9606 and RAY is at $5.18.

Alameda Analysis Holdings

Based on Arkham knowledge, Alameda Analysis has $274 million in its pockets. The bankrupt firm holds 98.8 million BIT tokens, price $90.31 million.

These BIT tokens are a part of the settlement between Alameda and BitDAO. BitDAO is a number one decentralized autonomous group backed by Bybit, Pantera, billionaire Peter Thiel, and others. The transaction required Alameda to carry 100 million BIT tokens, which it acquired when it exchanged 3.36 million FTT tokens in November 2021.

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US authorities transfers FTX funds

The US authorities additionally transferred a number of the funds seized by FTX/Alameda. The switch included 5,024 ETH (roughly $18.17 million), 13.58 million BUSD, 54.89 billion SHIB (roughly $1.55 million), and different tokens.

Additionally learn: Regardless of FTX’s partial success, Andreessen was proper – Musk and Naufal

Apparently, the US authorities has $19.4 billion in property in its pockets. This consists of 198,000 Bitcoins price roughly $18.99 billion, and the pockets additionally comprises $200 million in ETH.

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