Alameda Research Wallet Receives $6M From Bitfinex Hot Wallet

An Ethereum wallet that belongs to bankrupt trading firm Alameda Research quietly received $6 million worth of tether (USDT) from Bitfinex’s hot wallet overnight, according to Nansen data.

The wallet, which has received several transactions from another Alameda Research address since its creation 31 days ago, now holds $183 million in various altcoins and $26 million in ethereum.

The largest holding is $54 million worth of BitDAO tokens (BIT), although that token has significantly thin liquidity with 2% market depth of just $15,000 on Coinbase, according to CoinMarketCap. Market depth is a metric that assesses how much capital it would take to move an asset by a certain percentage.

It also received $4.5 million worth of USD Coin (USDC) from an unknown entity as it appears to be consolidating assets in line with bankruptcy proceedings.

Earlier this month it was reported that crypto exchange FTX, the sister company to Alameda Research, had recovered over $5 billion in assets following the collapse of both companies in November.

Tether did not immediately respond to CoinDesk’s request for comment.