The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to numerous crypto exchanges as of Nov. 1.

According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million of The Graph’s GRT ( GRT ) ($4.85 million), 972,073 Render (RNDR) ($2.3 million) and 708.1 Maker ( MKR ) ($967,000).

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight image 0 FTX- and Alameda-linked crypto deposit on Coinbase. Source: SOC

The wallet addresses of FTX and Alameda Research made another $5.49-million transfer after three hours to Binance and Coinbase. The top three assets with the highest value in this transaction are 1.14 million dYdX (DYDX) ($2.64 million), 192,888 Axie Infinity ( AXS ) ($1.05 million) and 5,858 Aave ( AAVE ) ($522,000).

#FTX and #Alameda Research further deposited $5.49M worth of 6 assets $AAVE , $ALICE $AXS , #C98 , $DYDX , $ZRX , to #Binance and #Coinbase ~30 mins ago.

Top 3 include:
1.14M $DYDX ($2.64M)
192,888 $AXS ($1.05M)
5,858 $AAVE ($522K)

Overall, #FTX and #Alameda Research have… https://t.co/Rw0PnalH6G pic.twitter.com/JPbIXZJPzv

— Spot On Chain (@spotonchain) November 1, 2023

Related: FTX’s Sam Bankman-Fried will testify at criminal trial, say defense lawyers

Prior to the movement of $13.1 million in funds on Nov. 1, crypto analytic firm Nansen flagged several FTX-linked wallet movements over the past week, which saw the deposit of millions in various cryptocurrencies on different crypto exchanges. First, a batch of $8.1 million worth of altcoins was moved to Binance; Nansen estimated that another $24.3 million worth of assets that have left wallets linked to FTX and Alameda were deposited into Binance and Coinbase.

Separate from the initial $8.6M moved:

- 2.2M USD LINK
- 1M USD AAVE
- 2M USD MKR
- 3.4M USD ETH

We have discovered a further $24.3M that has left wallets linked to FTX and Alameda which has been deposited into Binance and Coinbase

But that's not all... pic.twitter.com/Dru4MysxfQ

— Nansen (@nansen_ai) October 27, 2023

On Oct. 31, FTX linked 1.6 million Solana’s SOL ( SOL ) tokens worth $56 million that were unstaked and sent to an unknown wallet. Another 930,000 SOL worth $32 million linked to FTX and Alameda were moved to another unknown wallet speculated to be linked to Galaxy Digital, the official firm designated for the liquidation process.

930k $SOL moves from @FTX_Official and @AlamedaResearch Solana wallets over last 3 days to wallet 5RAHK.

Is this @novogratz wallet at @galaxyhq Galaxy Investment Partners?

930k $SOL from FTX and Alameda passed through this wallet to wallets:

-3ADzk
-5sTQ5
-Ca469
-8CAAy… pic.twitter.com/LXecevHUqz

— MartyParty (@martypartymusic) October 31, 2023

Data aggregated by Spotonchain suggests a total of $78 million worth of assets have been sent to crypto exchanges from FTX and Alameda wallets over the past week.

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight image 1 Total crypto assets sent to exchanges by FTX. Source: SOC

FTX-linked wallets have continued to send their stash of altcoins to crypto exchanges over the past month after a court-ordered phased liquidation process. The court order permits FTX to sell digital assets worth over $3 billion through an investment adviser in weekly batches in accordance with the pre-established rule.

The phased-out liquidation process  will allow FTX to sell $50 million worth of assets weekly, followed by a $100-million cap in the succeeding weeks. The cap can be increased up to $200 million per week with the previous written consent of the creditors’ committee and ad hoc committee after court approval.

Magazine: The truth behind Cuba’s Bitcoin revolution: An on-the-ground report