FTX and Alameda Wallets Transferred Over $10M in Crypto to Binance and Coinbase Before FTX Collapse

According to Spot On Chain data, linked FTX and Alameda wallets transferred over $10M worth of crypto to exchanges between Oct 24-25.

An address linked to FTX sent nearly $5M in ETH to another address, which distributed funds to Binance and Coinbase.

Additional transfers of over $5M in crypto from FTX and Alameda wallets followed over the next 5 hours.

The recipient address distributed the funds to Binance and Coinbase deposit addresses.

The total crypto value sent to exchanges was over $10M based on Spot On Chain data.