FTX cold wallet moved almost $10M in altcoins to Ethereum since Aug. 31 | Headlines | News | CoinMarketCap
09/03/2023 03:04
A cold wallet owned by collapsed crypto exchange FTX moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed …
A cold wallet owned by collapsed crypto exchange FTX moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons, according to on-chain data.
The altcoins include notable tokens like LINK, SUSHI, LUNA, and YFI. The transfers were conducted through Wormhole Bridge.
It is unclear if the transfers are connected to the exchange’s bankruptcy proceedings or its recent request to hire Galaxy Digital to sell its crypto holdings for fiat.
FTX did not respond to a request for comment as of press time.
FTX looking to sell assets
FTX recently filed a request with the bankruptcy court seeking permission to engage Galaxy Digital Capital Management as its investment manager for certain digital assets. The exchange also requested permission to stake some idle …