Alameda Research Transfers $WLD Tokens to Centralized Exchanges (CEX)

Approximately nine hours ago, the company made its first significant move by sending 205,387 $WLD tokens, valued at $352,000, to Binance.

Alameda Research, a cryptocurrency hedge fund, has recently begun transferring its $WLD tokens to centralized exchanges (CEXs).

According to on-chain data, Alameda’s first major move was observed nine hours ago, with the transfer of 205,387 $WLD tokens, valued at approximately $352,000, to Binance. This transaction occurred after Alameda vested the tokens from Worldcoin, which were acquired a year ago.

The timing of this deposit is particularly noteworthy as it coincides with a recent court ruling. On August 7, a New York judge mandated that FTX and Alameda Research collectively pay $12.7 billion to their creditors.

Collectively, FTX and Alameda will Repay $12.7B to FTX Creditors!

In a document filed on Aug 7, a US judge formally approved #FTX and #Alameda to repay $12.7B to #FTX creditors.

https://t.co/R07ec2tr0U

On Aug 8, #Alameda deposited 205,380 $WLD($351K) into #Binance.

#FTX and #Alameda… pic.twitter.com/iIf7qiaLAU

— Lookonchain (@lookonchain) August 9, 2024

According to recent data from Lookonchain, Alameda’s total assets, which are intended to be used for creditor payments, currently include:

266.85 million $FTT, valued at $344.24 million

105.47 million $BIT, valued at $113.26 million

24.8 million $WLD, valued at $43.64 million

104 million $STG, valued at $32.6 million

145.97 million $BOBA, valued at $29.83 million

This development suggests that Alameda may be preparing to quickly liquidate assets in response to the court's order.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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