Research: Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months

2022/11/22 07:28

An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows Genesis received $932.56 million worth of FTT tokens from FTX within the last three months, while it received $141.1 million worth of struggling tokens from Alameda Research during the same period.
At its peak, Genesis trading assets were almost $5 billion. As of press time, the firm’s trading assets are worth roughly $238 million, according to the Arkham Intelligence dashboard.
On Nov. 16, a Genesis-labelled address processed its single-largest transactions. Arkham Intelligence tweeted on Nov. 18 that over $100 million in USDCoin (USDC) were transferred to the Genesis over-the-counter (OTC) address, and that address subsequently deposited $105 million USDC to Circle.
According to the dashboard, Genesis OTC has processed $250.9 million USDC redemption within the last seven days. During the same period, the OTC also processed $18.3 million USDT redemption and $20 million DAI redemption.

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