🚨 Wallets linked to bankrupt crypto companies Alameda Research and FTX transferred more than $10 million in crypto to exchange accounts in 5 hours on October 24-25, Spot On Chain reports. This may indicate that the companies plan to sell assets to pay off debts to creditors.

- FTX and Alameda addresses transferred 2,904 ETH ($5.21M), 1,341 MKR ($2.01M), 11,975 AAVE ($1.02M), and 198,807 LINK ($2.27M) to Binance and Coinbase.

- On September 13, a US court approved a plan to liquidate $3.4 billion in crypto assets from FTX and Alameda Research, raising concerns about a market downturn.