Crypto Exchange Bitfinex Transfers $8.5 Million to Alameda Consolidation Management

Blockchain security firm PeckShield has revealed a series of transfers from three addresses, including one from the Bitfinex cryptocurrency exchange to Alameda Research’s consolidation wallet.

• According to Etherscan, the address labeled “Alameda Consolidation” received $13 million in crypto assets from three different wallets.
• The first belongs to the leading crypto exchange Bitfinex. He transferred approximately 6 million USDT and 1,545 ether (ETH), worth approximately $8.5 million.
• The unidentified others wired about $6 million in USDC to the address of Alameda Consolidation.

#PeckShieldAlert ～$13 million in crypto was transferred to the address with the Alameda consolidation tag, including ~6 million $USDT and 1545 $ETH ($2.5 million) from Bitfinex, ~4.6 million $USDC from 0x7889
I wonder why Bitfinex transferred ~$8.5M in crypto to the Alameda consolidation address pic.twitter.com/YU8RNcrdxs

— PeckShieldAlert (@PeckShieldAlert) February 2, 2023

• Although it is unclear why Bitfinex transferred the funds to Alameda, the transactions have raised questions about the connections between the two companies.
• Alameda, meanwhile, has been trying to recover funds since its parent company, FTX, filed for bankruptcy in November 2022. Last week, the trading company sued Voyager Digital to recover the $446 million it repaid to the bankrupt crypto lender.
• Despite attempts to raise funds, a recent report revealed that Alameda liquidators incurred $11.5 million in losses in the first two weeks of January.