OKX sends bankrupt Alameda $8.3M in crypto assets OKX sends bankrupt Alameda $8.3M in crypto assets
The bankrupt crypto firm Alameda was involved in several transactions over the past month in effort to consolidate funds.
2 min read
Updated: May. 30, 2023 at 4:29 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
OKX sent $8.3 million in different crypto assets to Alameda Research over the past seven days, according to the Arkham Intelligence dashboard.
The transfers, which happened in multiple transactions on May 29, saw the exchange send between $60,000 – $1.4 million worth of different cryptocurrencies to the bankrupt crypto firm.
According to the dashboard, some of the digital assets involved in the transactions included Wrapped Bitcoin (WBTC), Celsius (CEL), Shiba Inu (SHIB), MakerDAO (MKR), Chiliz (CHZ), DAI, Axie Infinity (AXS), Magic Internet Money (MIM) and 19 others.
The top 5 transfers with the highest monetary values were those involving WBTC, DAI, LEO, MIM, and SHIB, cumulatively worth $4.8 million.
On May 23, OKX sent a series of test transactions involving all these assets to Alameda. At the time, the transactions were worth $10, respectively.
Meanwhile, the latest transfers continue OKX’s efforts to return FTX and Alameda’s frozen funds on its platform. In March, the exchange said it seized $157 million in crypto assets after FTX collapsed in November 2022.
Earlier this month, OKX sent over $60 million worth of USDT and Mask Network tokens to the bankrupt crypto firm’s wallet.
Alameda is transferring funds to Coinbase
Blockchain analytical firm Arkham Intelligence reported that Alameda was transferring its leftover funds into the custody of Coinbase.
During the last 24 hours, the bankrupt firm transferred USDT worth $10 million from its cold wallets to Coinbase Prime and deposited $31.2 million to the U.S.-based exchange in the past week.
Alameda’s transfer records over the past month showed it had transferred more than $250 million to Coinbase, Arkham said.
Alameda’s holdings
The Arham Intelligence dashboard showed that Alameda’s wallet holds digital assets amounting to about $314.7 million.
According to the dashboard, the bankrupt firm’s largest crypto holding is $56.4 million USDT. Its other top holdings include 100 million BitDAO (BIT) tokens worth $51.4 million, 19,292 Ethereum (ETH) worth $36.6 million, $12.35 million USDC, 40.45 million Stargate tokens worth $28.82 million, and 16.39 million Polygon tokens worth $14.74 million.
Additionally, the wallet also contains a significant amount of altcoins like DAI, MASK, Lido (LDO), FTX Token (FTT), Serum (SRM), etc.
Mentioned in this article
Wrapped Bitcoin 
Dai 
SHIBA INU 
Axie Infinity 
Tether 
Lido DAO Token 
Polygon 
FTX Token 
OKB 
Celsius 
Maker 
Alameda Research 
OKX 
FTX Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Editor Editor 
Zaeem Shoaib Zuberi
Zaeem, an editor fascinated by business, finance, DeFi, and cryptocurrencies, holds a business and finance degree. His 14-year career in financial journalism spans sectors like banking, finance, insurance, and tech.
In this article
Wrapped Bitcoin delivers the power of Bitcoin with the flexibility of an ERC20 token.
Dai
$1.00019
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
SHIBA INU
$0.00002
Shiba Inu (SHIB) is a decentralized meme token that aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure.
Axie Infinity
$7.00324
Axie Infinity is a game about collecting and raising fantasy creatures called Axie, on Ethereum platform.
Tether
$1.00057
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Polygon
$0.67642
Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.
FTX Token
$1.26349
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Celsius
$0.15186
Celsius Network is a P2P decentralized lending & borrowing platform.
Maker
$2,965.69
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR.
Alameda Research
Alameda Research was once a principal trading firm, operating as an arm of the failed crypto exchange, FTX.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
