Bankrupt FTX Sends Millions in Stablecoins to Market Makers: Liquidity Play or Arbitrage?

Bankrupt crypto exchange FTX and its affiliated trading firm Alameda Research have transferred $2.5 million in stablecoins to crypto market makers Wintermute and Cumberland. Blockchain security platform PeckShield identified the transfers, which were executed using four different addresses and three blockchain networks. In a post on X (formerly Twitter), PeckShield stated that FTX and Alameda The post Bankrupt FTX Sends Millions in Stablecoins to Market Makers: Liquidity Play or Arbitrage? appeared first on Coin Edition .

Source: Coin Edition