The debtor group controlling wallets linked to the cold storage of bankrupt crypto exchange FTX moved more than $19 million worth of assorted tokens to crypto exchange addresses on Thursday, blockchain data shows.
On-chain analytics firm Peckshield said some 470,000 SOL, worth $15 million at current prices, were moved to different wallets. “Some of these funds have been sent to CEXs like Binance,” the firm added, referring to centralized crypto exchanges.
An Ethereum-based FTX-linked wallet transferred $2.5 million worth of various tokens, including 11,000 COMP, to a Binance deposit address. Yet another transferred 1,395 ether (ETH), worth $2.5 million, to a Coinbase (COIN) address, Peckshield said.
On-chain analytics firm CryptoQuant confirmed the wallet labels in a Telegram message to CoinDesk.
Cold storage refers to an offline wallet that is not connected to the internet, as opposed to a hot wallet, which is one held on a crypto exchange or online.
The debtor group in control of the wallets has made several transactions in the past few weeks. On Wednesday, an $8 million tranche of tokens was moved to Binance across several transactions.
Earlier in October, the group staked over $122 million of SOL and $30 million of ETH, a position on which it stands to earn at least $9 million worth of rewards yearly.
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