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Alameda Research Receives $57M From Crypto Exchange OKX

Alameda Research-controlled wallets hold over $240 million worth of cryptocurrencies.

Updated May 9, 2023, 1:20 p.m. Published May 9, 2023, 11:27 a.m.

Crypto wallets tied to Alameda Research, the trading unit tied to bankrupt crypto exchange FTX, today received millions of dollars worth of tokens from crypto exchange OKX.

Data from the on-chain analytics tool Arkham Intelligence show Alameda received just over $57 million of tether (USDT), and $300,000 in mask (MASK) tokens from OKX earlier Tuesday.

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In the past hour, Alameda Research wallets have received $57.77M in USDT from OKX.

Link to Arkham wallet address below: pic.twitter.com/9JXhH0sQnR
— Arkham (@ArkhamIntel) May 9, 2023

The receiving wallets are wholly controlled by the FTX Bankruptcy Estate, created in the wake of FTX and Alameda’s collapse last year to help creditors of the two companies.

Alameda OKX

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.