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 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, bringing the total to $10.5 million in the last 24 hours.

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 ether (ETH).

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.

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.