
FTX and Alameda Research, two entities embroiled in financial controversies, have transferred a significant amount of cryptocurrency totaling approximately $8.3 million. This movement occurred just one day before FTX was scheduled to submit its amended restructuring plan to the U.S. Bankruptcy Court. The transferred funds included about $6.3 million worth of Ether and $2 million in Tether Gold, along with 860 $XAUT. The Ether was moved to unknown addresses and Coinbase, while the Tether Gold was sent to Wintermute. Additionally, an exploiter associated with the Hundred Finance hack moved 784K $3Crv, converting them into 273 $ETH and other cryptocurrencies totaling 162.2 $ETH. This strategic financial activity comes at a crucial time as FTX aims to reorganize under bankruptcy protection, proposing a plan that could potentially distribute between $14.5 billion and $16.3 billion to its creditors.
#NDTVWorld | Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors https://t.co/kakf9r5sbp https://t.co/bCeOBniBs2
#CertiKInsight 🚨 Our system has detected fund movement from scammer wallets which was traced to a phishing incident of 1,1155 WBTC worth ~$68M on May 3rd. https://t.co/IZJwyQ4kSp Starting 8 hours ago, the scammer kept splitting the swapped ETHs in two from the initial… https://t.co/lqOz1VKS4U
🚨 April was relatively tame in #DeFi compared to March—with only five hacks and a single #rugpull 💸 Notable hacks exploited smart contract #vulnerabilities amounting to almost $48.9M in total, less than half of March's losses 😱 Learn more 👇 https://t.co/efqpzi2bpZ




