December 4, 2024

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US Government Moving Alameda Assets

On December 4th, a series of transfers were made from the wallets controlled by the US Government containing assets seized from Alameda Research.
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    US Government Entity on Arkham
    US Government Entity on Arkham

    On December 4th, a series of transfers were made from the wallets controlled by the US Government containing assets seized from Alameda Research, investment arm of the now defunct centralized exchange, FTX. The transfers took place across a span of an hour, with over $33M in assets moved, the majority of which being $18M in ETH and $13M in BUSD.

    Transfers of $33M in digital assets to address 0x9cdB
    Transfers of $33M in digital assets to address 0x9cdB

    Other assets transferred include Wrapped BTC (WBTC), popular memecoin, Shiba Inu (SHIB), and gaming token, Axie Infinity (AXS), among others. The assets were transferred to a fresh address, 0x9cdB, which still holds the assets currently.

    While no purpose has been announced for the transfer, it is assumed that the move is related to the FTX creditor disbursements which are expected to occur in early 2025, after years of legal proceedings surrounding the bankruptcy.

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