$8.6 million from FTX, Alameda wallets move to Binance address: Nansen

Blockchain analytics firm Nansen has reported a series of asset transfers from the FTX estate to a Binance address.

According to on-chain data, the moved assets include $2.2 million in Chainlink (LINK), $1 million in Aave (AAVE), $2 million in Maker (MKR), and $3.4 million in Ether (ETH), totaling $8.6 million. These assets originated from addresses tagged as associated with beleaguered exchange FTX and former sister firm Alameda Research.

Nansen clarified that it does not track off-chain movements but speculated that the purpose behind these significant transfers could be to sell the assets or to prepare them for sale.