Bitcoin
$66,226.43+0.14%
Ethereum
$3,025.32+0.24%
Binance Coin
$577.16-1.38%
Solana
$168.77+3.72%
XRP
$0.52055127+0.58%
Toncoin
$6.72-0.77%
Dogecoin
$0.15307721-2.04%
Cardano
$0.47766173+4.24%
Shiba Inu
$0.00002485-2.81%
Avalanche
$37.00+6.21%
Tron
$0.12437623-0.31%
Wrapped Bitcoin
$66,269.90+0.27%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extended Until
02
DAYS
12
HR
25
MIN
55
SEC
Markets

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.

By Krisztian Sandor
AccessTimeIconOct 26, 2023 at 7:04 p.m. UTC
Updated Oct 27, 2023 at 2:43 p.m. UTC
VolumeMuteUnmute
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Bankrupt crypto exchange FTX moved another batch of crypto assets worth millions including Chainlink's LINK and Polygon's MATIC Thursday afternoon, blockchain data revealed.

Some $2.6 million in LINK and $1.3 million in adventure gold [AGLD] were deposited to Coinbase originated from FTX-related crypto wallets, on-chain sleuth Lookonchain noted in a X post.

AGLD tokens moved from FTX-related wallets to Coinbase (Arkham Intelligence)
AGLD tokens moved from FTX-related wallets to Coinbase (Arkham Intelligence)

Another $4.8 million in MATIC left an FTX wallet to an intermediary address, which then transferred a $1.8 million chunk of the tokens to Coinbase, blockchain analytics platform Arkham Intelligence data showed.

Earlier today, some $19 millions worth of crypto including solana (SOL) and ether (ETH) left FTX cold wallets and were deposited to exchanges.

The deposits potentially signal an intention to sell tokens. A U.S. bankruptcy court last month granted FTX permission to sell, stake and hedge its $3.4 billion worth digital asset stash after the company tapped Galaxy Digital to manage the token holdings.

The transactions happened as Sam Bankman-Fried, the founder of FTX and its sister trading firm Alameda Research, was scheduled to testify at his criminal trial Thursday afternoon.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Krisztian Sandor
Krisztian Sandor

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Follow @sndr_krisztian on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.