OKX sent $8.3 million in different crypto assets to Alameda Research over the past seven days, according to the Arkham Intelligence dashboard.
The transfers, which happened in multiple transactions on May 29, saw the exchange send between $60,000 – $1.4 million worth of different cryptocurrencies to the bankrupt crypto firm.
According to the dashboard, some of the digital assets involved in the transactions included Wrapped Bitcoin (WBTC), Celsius (CEL), Shiba Inu (SHIB), MakerDAO (MKR), Chiliz (CHZ), DAI, Axie Infinity (AXS), Magic Internet Money (MIM) and 19 others.
The top 5 transfers with the highest monetary values were those involving WBTC, DAI, LEO, MIM, and SHIB, cumulatively worth $4.8 million.
On May 23, OKX sent a series of test transactions involving all these assets to Alameda. At the time, the transactions were worth $10, respectively.
Meanwhile, the latest transfers continue OKX’s efforts to return FTX and Alameda’s frozen funds on its platform. In March, the exchange said it seized $157 million in crypto assets after FTX collapsed in November 2022.
Earlier this month, OKX sent over $60 million worth of USDT and Mask Network tokens to the bankrupt crypto firm’s wallet.
Alameda is transferring funds to Coinbase
Blockchain analytical firm Arkham Intelligence reported that Alameda was transferring its leftover funds into the custody of Coinbase.
During the last 24 hours, the bankrupt firm transferred USDT worth $10 million from its cold wallets to Coinbase Prime and deposited $31.2 million to the U.S.-bas
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Author: Oluwapelumi Adejumo
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