Alameda Research Wallets Reactivate, Transfer Millions In FTX Tokens, Sparking Community Concern

The crypto community was taken by surprise Tuesday when wallets associated with the now-bankrupt Alameda Research were once again active, transferring millions of dollars in FTX (CRYPTO: FTT) tokens. The source of these funds and how they were accessed has become a major point of concern, causing many to question the actions of law enforcement agencies, according to a Cointelegraph report.

Timeline of Ftx-token

Alameda Research, the cryptocurrency trading firm that filed for bankruptcy in November, continues to record active transactions, with a $2 million withdrawal recently being recorded by the crypto analytics platform Arkham Intelligence.

As FTX mulls a return to operations, its FTT token stash is growing more valuable. This, as the CEO tasked with steering the collapsed cryptocurrency exchange through its bankruptcy, John J.

FTX's native token FTT (CRYPTO: FTT) soared over 24% in the past 24 hours, after the company's new CEO John J. Ray III, said that he was exploring ways to revive the defunct exchange that was formerly run by Sam Bankman-Fried.

The value of FTX's controversial FTT token increased by more than 33% after the newly appointed chief executive officer of the insolvent company, John J. Ray III, stated that he is investigating the prospect of relaunching the crypto exchange.

Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.

Solana (SOL), Serum (SRM), and the FTX Token (FTT) have been at the forefront of the crypto rally. Despite all of these coins being linked to the FTX crypto exchange and suffering dearly for it when the company filed for bankruptcy, they have been able to stage a massive reversal.

Bankrupt FTX's native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate's data. The post FTT surges 48%; other bankrupt tokens also rise appeared first on CryptoSlate.

Amid a bull run, mini or not, literally, anything can pump in the crypto market, even a token such as FTX's FTT Token. After the tragic fall of the exchange, everything about the exchange crashed, including its reputation.

The embattled FTT token has surged today as traders continue to pile into the collapsed exchange asset in an attempt to make a quick buck. The post Degens Can't Quit FTX Token Trading, FTT Surges 52% appeared first on BeInCrypto.

FTX Token (FTT) the native token of the now bankrupt cryptocurrency exchange FTX has been on an epic rally this week despite the FTX founder and former CEO Sam Bankman-Fried pleading not guilty to all eight counts of U.S. criminal charges.