FTX raises concerns after transferring $10 million in cryptocurrencies

One of the wallets belonging to the bankrupt cryptocurrency exchange FTX transferred digital assets worth $10 million from the Solana network (SOL) to the Ethereum network (ETH), raising many concerns that this process may be the beginning of a series of sales operations amid the bankruptcy procedures that the exchange is going through. .

According to data from blockchain analytics platform Arkham Intelligence, the FTX wallet has transferred $6.23 million worth of Ethereum (ETH) and more than $4 million in altcoins, since August 31.

The transaction included the transfer of $1.2 million from FTX token (FTT), $1.8 million from UniSwap (UNI), $1.3 million from HXRO (HXRO), in addition to $550,000 from SushiSwap (SUSHI). And $260,000 from Frontier Token (FRONT) to another FTX wallet.