Alameda Research Moves 3000 Bitcoin Amid FTX Debacle

According to PeckShield, Alameda Research is moving its holdings in bitcoin early.

The wallets of Alameda Research, showed strong withdrawal movements on Wednesday, amid the crisis unleashed in the wake of the purchase intention (already denied) of Binance, one of its main competitors.

- Advertisement -

As reported by blockchain analytics firm PeckShield, Alameda Research withdrew 3,000 Wrapped BTC (wBTC), which has 1:1 parity with the first cryptocurrency, three hours ago. This an equivalent of about USD 50 million.

According to PeckShield, many of the withdrawals were made through the Aave lending protocol, from where movements were reported since the early hours of Wednesday, November 9, as shown by Etherscan.

The withdrawal of funds from Alameda Research comes after its website was disabled, as well as its social networks, where most of the publications were deleted. FTX’s website also disappeared.

Alameda’s move comes after Binance, the largest exchange by trading volume, decided to abandon its acquisition of FTX. This was an exchange that once ranked in the top 3 of the market, with volumes exceeding USD 4 billion, according to CoinMarketCap data.

As reported, Binance objected to continue with the negotiation because of the “mismanagement of funds” maintained by FTX.

Thus, Chanpeng Zhao’s company discarded the plans expressed yesterday, Tuesday, when an acquisition deal had been initiated.

- Advertisement -

After learning of Binance’s decision and the virtual disappearance of Alameda Research, the price of bitcoin embarked on a vertiginous fall, dragging the rest of the market down with it.

Previous Articles:

- Advertisement -

Latest News

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

Must Read

5 Best Crypto Jobs Sites To Land Your Next Six Figure Job

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at a blistering pace, the demand for workers...