Of the withdrawn funds, $116 million, or 57.1%, were in stablecoins pegged to the US dollar, including USDT, USDC, BUSD, and TUSD.
Among the withdrawn funds, $116 million, or 57.1%, were in stablecoins pegged to the US dollar, including USDT, USDC, BUSD, and TUSD. Arkham's analysis also showed that $49.49 million of the funds was in Ether , and $38.06 million, or 18.7%, was in wrapped Bitcoin .
"The withdrawn wBTC was sent to the Alameda WBTC Merchant wallet, and then bridged in its entirety to the BTC Blockchain.", said Arkham, adding that of the $204 million transferred, $142.4 million, or 69%, was sent to wallets owned by FTX International,"suggesting that Alameda may have been operating to bridge between the two entities."
Of the Ether transferred, $35.52 million was sent to FTX and $13.87 million was sent to a large active trading wallet. The firm noted that it's"unknown whether the almost 14M in ETH was sent to 0xa20 as part of a trade, or as an internal fund transfer within Alameda.
About 130 companies in the FTX Group - including FTX Trading, FTX US, under West Realm Shires Services, and Alameda Research -
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