Alameda-Linked Wallet Sent $100M of Stablecoins to Trading Firms After USDC Depeg

Wallets tied to Alameda Research have been sending a flurry of stablecoin transactions to trading firms and crypto exchanges over the past few days. Reporting by oknightcrypto.

Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets over the weekend.

Over $47 million worth of USD Coin , which fell victim to a depeg at the weekend amid banking concerns in the U.S., was sent to GSR Markets on March 13, with a further $50.3 million being sent to Cumberland across two transactions, according toThree other wallets previously linked to FTX and Alameda sent $188.

. It remains unclear whether capital is being consolidated in line with bankruptcy proceedings or if it is being deployed to generate a yield., has been mulling a series of ideas to make creditors whole following FTX and Alameda's collapse in November. One idea was reboot the FTX exchange.

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