FTX Estate and Alameda Wallets Transfer 27,372 ETH to Market Maker Wintermute
CIE News ·
What Happened
Six crypto wallets associated with Alameda Research and the FTX bankruptcy estate transferred 27,372 ETH, valued at approximately $75.32 million, to institutional market maker Wintermute. The movement included a primary transfer of 23,639 ETH sent directly to the address tagged as Wintermute 5.
Why It Matters
The transfer channels tens of millions of dollars in estate ETH through an institutional market-maker and over-the-counter mechanism rather than routing tokens directly to centralized exchange order books. This liquidity strategy aligns with ongoing estate asset realization efforts by the FTX Recovery Trust to fund future creditor distributions.
What We Know
• Six wallets tied to Alameda Research and the FTX bankruptcy estate executed outbound transfers totaling 27,372 ETH. • The aggregate transfer value was approximately $75.32 million at the time of the transaction. • A tranche of 23,639 ETH was routed directly to the 'Wintermute 5' wallet. • The counterparty is algorithmic trading firm and market maker Wintermute.