Bitfinex, a cryptocurrency exchange, deposits $8.5 million to an address in Alameda.

The FTX crash had a significant impact on the cryptocurrency market, and as a result, most cryptocurrencies and crypto companies fell in value. At this time, Bitcoin and other large-cap cryptocurrencies were yanked back, falling as low as $15,000. The investigation is still ongoing, and the founder, Sam Bankman-Fried, maintains his innocence.

One of the blockchain security firms, PeckShield Alert, has now issued a warning about detecting money transactions into an Alameda linked wallet in light of the most recent changes. According to a tweet from the business, Alameda Research has transferred close to $13 million to an unidentified wallet. A stock exchange called Alameda Research is connected to a defunct FTX exchange.

It has been questioned how the two companies' relationships are related in light of the transfers from Bitfinex to Alameda's consolidation address. A sequence of transactions from three addresses, among them one from cryptocurrency exchange Bitfinex to Alameda Research's consolidation wallet, have been revealed by blockchain security company PeckShield.

It has been questioned how the two companies' relationships are related in light of the transfers from Bitfinex to Alameda's consolidation address. A sequence of transactions from three addresses, among them one from cryptocurrency exchange Bitfinex to Alameda Research's consolidation wallet, have been revealed by blockchain security company PeckShield.

Although the reason for the transfer of monies from Bitfinex to Alameda is unknown, the transfers have prompted inquiries regarding the relationships between the two businesses. Since its parent business FTX declared bankruptcy in November 2022, Alameda has been attempting to recover funds. To recoup the $446 million it paid to the insolvent cryptocurrency lender, the trading company filed a lawsuit against Voyager Digital last week.A recent study showed that despite efforts to raise money, Alameda's liquidators suffered losses totaling $11.5 million in the first two weeks of January.

About Bitfinex

A filled spot-trading platform for popular digital content & cryptocurrencies is called Bitfinex. It is controlled and managed by iFinex Inc., which has its headquarters in Hong Kong and is incorporated in the British Virgin Islands. It provides leverage secure margin trading through a peer-to-peer funding platform.

The business was established in December 2012 as a Bitcoin exchange that provided customers with access to trading platforms for digital assets. Later, support for additional cryptocurrencies was added. It was one of the initial expert platforms created to handle the exploding demand for crypto exchanges.

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