Alameda, one of the companies affecting the crypto market, is emptying its wallets after the recent bankruptcy events.
FTX and Alameda filed for Chapter 11 bankruptcy the other day. The only agenda of the cryptocurrency market for the past week has been the collapse of FTX. The process, which started with Binance CEO Changpeng Zhao (CZ), ended with the bankruptcy announcement. FTX, which is shown among the largest crypto exchanges in the world, has vanished into history. Alameda, the sister company of the exchange, declared bankruptcy due to lack of liquidity. According to some claims, FTX used all its resources to prevent Alameda from sinking. In this adventure that has come to an end, Alameda has been observed emptying its wallets.
Alameda Collects Millions of Dollars in a Single Wallet
According to the news made by The Block, Alameda started cash outs earlier in the day. The investment asset firm has amassed millions of dollars into its decentralized wallet.
The statement made by FTX CEO Sam Bankman-Fried (SBF) about Alameda recently attracted attention. SBF stated that Alameda would collapse.
Alameda’s fund transfers followed the bankruptcy news. The company has amassed nearly $55 million in assets in a single wallet. Among these assets, Ripple (XRP), worth $3.6 million, stood out. The wallet also contains $30 million of BitDAO tokens.
Other assets in the wallet were $3.4 million RNDR tokens, $11 million USDT and $5.3 million xSUSHI.
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