Millions of dollars worth of various tokens tied to the crypto wallets of bankrupt firms FTX and Alameda Research moved to other wallets earlier on Wednesday, on-chain firm Nansen tweeted.
These funds seemed to be sent to wallets of crypto exchange Binance, where they presumably could be sold.
Some $2.2 million worth of Chainlink’s LINK, $1 million worth of Aave protocol’s AAVE, $2 million in Maker’s MKR and $3.4 million in ether (ETH) were sent to the Binance address, Nansen said.
A debtors group is in control of bankruptcy proceedings and holds assets held by the two firms before they went bust.
Earlier in October, the group staked over $150 million worth of ether (ETH) and Solana's SOL tokens, where they may receive yields of up to 8% on those holdings.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.