{"id":563492,"date":"2023-03-14T14:32:01","date_gmt":"2023-03-14T11:32:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-related-stablecoins-on-the-move-145m-transferred-to-crypto-exchanges\/"},"modified":"2023-03-14T14:32:01","modified_gmt":"2023-03-14T11:32:01","slug":"ftx-related-stablecoins-on-the-move-145m-transferred-to-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-related-stablecoins-on-the-move-145m-transferred-to-crypto-exchanges\/","title":{"rendered":"# FTX-related stablecoins on the move: $145M transferred to crypto exchanges"},"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-6a3664dfba5a1\" 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-6a3664dfba5a1\" 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\/ftx-related-stablecoins-on-the-move-145m-transferred-to-crypto-exchanges\/#%E2%80%9D_FTX-related_stablecoins_on_the_move_145M_transferred_to_crypto_exchanges_%E2%80%9C\" >&#8221; FTX-related stablecoins on the move: $145M transferred to crypto exchanges &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX-related_stablecoins_on_the_move_145M_transferred_to_crypto_exchanges_%E2%80%9C\"><\/span>&#8221; FTX-related stablecoins on the move: $145M transferred to crypto exchanges &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZjA0MjRhNGItMGFmNi00YzgyLTgzZjctNWJlMzJmMjEzMDE1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Amid multiple ongoing investigations, FTX continues to move funds. Addresses related to the failed crypto exchange reportedly transferred around $145 million in stablecoins to various platforms.\u00a0<\/p>\n<p>As Lookonchain <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1635498285367721985\">spotted<\/a> on March 14, three wallets associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million Tether (USDT) and 75.94 million USD Coin (USDC). The Tether reserves have gone to custodial wallets on platforms like Coinbase, Binance and Kraken. All funds in USDC were transferred to a Coinbase custodial wallet. <\/p>\n<p>Both FTX and Alameda are in the process of recovering assets as they face demands to return the funds to different groups of investors. According to FTX attorney Andy Dietderich, by January 2023, the troubled cryptocurrency exchange had already recovered $5 billion in cash and liquid cryptocurrencies. However, its total liabilities exceed $8.8 billion. <\/p>\n<p><strong><em>Related: Crypto investment products see largest outflows on record amid SVB collapse<\/em><\/strong><\/p>\n<p>The latest update in the FTX bankruptcy case came as a new deal had been struck with a company owned by the government of Abu Dhabi. Alameda Research sold its remaining interest in venture capital firm Sequoia Capital to the Abu Dhabi sovereign wealth fund for $45 million. <\/p>\n<p>In March, Alameda Research filed suit against Grayscale Investments in the Court of Chancery in Delaware. The lawsuit seeks to \u201cunlock $9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts [\u2026] and realize over a quarter billion dollars in asset value for the FTX Debtors\u2019 customers and creditors,\u201d according to a statement.<\/p>\n<p>As cases against FTX piled up, some plaintiffs requested the consolidation of lawsuits against the bankrupt exchange. However, on March 8, a judge denied the consolidation request, highlighting that the defendants have not yet been allowed to respond. United States district judge Jacqueline Corley recently denied the request to consolidate five proposed class-action suits against FTX.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/ftx-related-stablecoins-on-the-move-145m-transferred-to-crypto-exchanges\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX-related stablecoins on the move: $145M transferred to crypto exchanges &#8220; Amid multiple ongoing investigations, FTX continues to move funds. Addresses related to the failed crypto exchange reportedly transferred around $145 million in stablecoins to various platforms.\u00a0 As Lookonchain spotted on March 14, three wallets associated with FTX and its subsidiary, Alameda Research, have&#8230;<\/p>\n","protected":false},"author":1,"featured_media":563493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/f0424a4b-0af6-4c82-83f7-5be32f213015.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,135234,75493,74879,117,70934],"class_list":["post-563492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ftx","tag-stablecoin","tag-wallet","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563492","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=563492"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/563493"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=563492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=563492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=563492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}