Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, data from blockchain security firm PeckShield revealed on Feb. 2.
The address received $6 million in Tether and $2.5 million in Ether from the hot wallet of crypto exchange Bitfinex, along with $4.5 million worth of USD Coin
The asset’s transfer is reportedly part of recovery efforts tied to bankruptcy proceedings. A spokesperson for Bitfinex told stated that Alameda had an account on Bitfinex and that the exchange is collaborating with the liquidators to refund the remaining funds.
Alameda filed for bankruptcy protection on Nov. 11, along with nearly 130 other companies controlled by FTX Group. Since then, its consolidation wallet has seen inflows from several addresses, accumulating over $26 million in ETH and $183 million in other altcoins, including $54 million in BitDAO tokens.
The amount recovered, however, could be much larger, as liquidators have reportedly suffered at least $11.5 million in losses — some of which were preventable — since taking control of Alameda’s trading accounts, according to a report from crypto analytics firm Arkham Intelligence.
