🔍 Blockchain data analysts Nansen have been snooping around the FTX collapse, and guess what they found? A whopping $4.1 billion worth of FTT tokens transferred between FTX and Alameda Research before the drama unfolded! 🕵️‍♂️

- Nansen's report reveals some eyebrow-raising on-chain interactions between the two companies, both founded by Sam Bankman-Fried.

- Between Sept. 28 and Nov. 1, Alameda sent $4.1 billion FTT tokens to FTX, along with continuous transfers of a mix of US dollar stablecoins amounting to $388 million.

- FTX held around 280 million FTT (80%) of the total 350 million FTT supply, while Alameda controlled the majority of the remaining supply.

- Nansen suggests the two companies were able to prop up each other's balance sheets, with Alameda likely selling FTT tokens over-the-counter and for collateral for loans from crypto lending firms.

So, was the FTX collapse just a game of financial musical chairs? 🎶 Only time (and more blockchain detective work) will tell!