Alameda wallets seemingly being drained, according to onchain data

FTX CEO Sam Bankman-Fried said earlier this week that Alameda would be wound down, following a stunning fall from grace for the once-mighty crypto exchange. Funds were seemingly being channelled out of Alameda wallets, with millions in tokens being redirected to one address this morning. Transactions to the wallet included 9.8 million wrapped XRP (around $3.6 million), about 6.8 million in the Render network token (around $3.4 million), about 3.4 million in xSUSHI (about $5.3 million) and 100 million in BitDAO’s token (around $30 million), according to logs on block explorer Etherscan, as of 5:45 a.m. ET. Data also showed 11 million in the stablecoin Tether moved from crypto exchange Kucoin.