{"id":547016,"date":"2023-02-02T23:05:00","date_gmt":"2023-02-02T20:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alameda-research-wallet-receives-13m-from-bitfinex-other-sources\/"},"modified":"2023-02-02T23:05:00","modified_gmt":"2023-02-02T20:05:00","slug":"alameda-research-wallet-receives-13m-from-bitfinex-other-sources","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alameda-research-wallet-receives-13m-from-bitfinex-other-sources\/","title":{"rendered":"# Alameda Research wallet receives $13M from Bitfinex, other sources"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be3eda8c0f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be3eda8c0f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/alameda-research-wallet-receives-13m-from-bitfinex-other-sources\/#%E2%80%9D_Alameda_Research_wallet_receives_13M_from_Bitfinex_other_sources_%E2%80%9C\" >&#8221; Alameda Research wallet receives $13M from Bitfinex, other sources &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Alameda_Research_wallet_receives_13M_from_Bitfinex_other_sources_%E2%80%9C\"><\/span>&#8221; Alameda Research wallet receives $13M from Bitfinex, other sources &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZDM5ZWI0NTgtZjBkYy00ZGU2LWE1NWUtNWYxNjEyZDk5YjEwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1621035232257511426\">revealed<\/a> data from blockchain security firm PeckShield on Feb. 2.\u00a0<\/p>\n<p>The address received $6 million in Tether (USDT) and $2.5 million in Ether (ETH) from crypto exchange Bitfinex\u2019s hot wallet, along with $4.5 million worth of USD Coin (USDC) from an anonymous source and 30,000 Lido tokens worth roughly $65,500. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> \uff5e$13M worth of cryptos have been transferred to Alameda consolidation-labeled address, including ~6M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDT<\/a> &amp; 1,545 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> ($2.5M) from Bitfinex, ~4.6M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a> from 0x7889<br \/>Wondering why Bitfinex transferred ~$8.5M worth of cryptos to Alameda consolidation address <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YU8RNcrdxs\">pic.twitter.com\/YU8RNcrdxs<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1621035232257511426?ref_src=twsrc%5Etfw\">February 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The asset&#8217;s transfer is considered to be part of recovery efforts tied to bankruptcy proceedings. A spokesperson for Bitfinex told Cointelegraph that Alameda had an account on Bitfinex and the exchange is collaborating with the liquidators to refund the remaining funds.<\/p>\n<p>Alameda filed for bankruptcy protection on Nov. 11, along with nearly 130 other companies controlled by FTX Group. Since then, its consolidation wallet has seen inflows from several addresses, accumulating over $26 million in ETH and $183 million in other altcoins, including $54 million in BitDAO tokens.<\/p>\n<p><em><strong>Related:\u00a0<\/strong>Alameda Research had a $65B secret line of credit with FTX<\/em><\/p>\n<p>The amount recovered, however, could be much bigger, as liquidators have reportedly suffered at least $11.5 million in losses \u2014 some of which were preventable \u2014 since taking control of Alameda&#8217;s trading accounts, according to a report from crypto analytics firm Arkham Intelligence.<\/p>\n<p>Liquidators faced another technical obstacle when attempting to recover funds on Jan. 12. Cointelegraph reported the loss of $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while liquidators attempted to consolidate funds into a single multisignature wallet.<\/p>\n<p>To close a borrow position on Aave, the liquidators removed extra collateral, putting the assets at risk of liquidation. In addition, liquidators are also reported to have spent far more on gas fees than they earned from moving the funds.<\/p>\n<p>Alameda Research nearly collapsed in 2018 before FTX came into play,\u00a0according to new reports citing former employees. The firm&#8217;s algorithm was designed to make a large number of automated and fast trades, but was inefficient in predicting price movements.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/alameda-research-wallet-receives-13m-from-bitfinex-other-sources\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Alameda Research wallet receives $13M from Bitfinex, other sources &#8220; Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2.\u00a0 The address received $6 million in Tether (USDT) and $2.5 million in Ether&#8230;<\/p>\n","protected":false},"author":1,"featured_media":547017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d39eb458-f0dc-4de6-a55e-5f1612d99b10.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74881,135234,89897,4978,117],"class_list":["post-547016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitfinex","tag-ftx","tag-sam-bankman-fried","tag-bankruptcy","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=547016"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/547017"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=547016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=547016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=547016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}