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.
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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