Blockchain analytics firm Nansen has reported nearly $9 million of transfers from addresses tagged as FTX and Alameda.
Blockchain analytics firm Nansen has reported a series of asset transfers from the FTX estate to a Binance address.
The funds were initially transferred to an address tagged as 0xde9 before being moved to another address, 0xEae, which has been reportedly identified as belonging to Binance, according to Nansen. The FTX estate received permission in September to sell off its crypto holdings, with an initial limit of $100 million per week.
Managed by a bankruptcy trustee, the FTX estate is looking to maximize the exchange’s assets. According to a court filing dated September 11, 2023, the FTX estate reported recovering approximately $7 billion in assets.
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