FTX Moves $10 Million Worth of Crypto to Coinbase and Binance
FTX, a closed crypto exchange, recently moved over $10 million. With rumors of a relaunch, many wonder about the future of FTX and its users' funds.
Today,addresses linked to the closed crypto exchange FTX moved more than $10 million to Coinbase and Binance, says on-chain data.
The data shows this big move had 2,904 Ethereum ($5.18 million), 1,341 Maker($2.02 million), 198,000 Chainlink ($2.26 million), and 12,000 AAVE($1.03 million).
People wonder if this is because of FTX's bankruptcy. The timing is making many in the crypto world worried, especially with crypto doing well lately.
FTX had similar big moves recently. They staked $150 million in Ethereum and Solana this month. In September.
FTX didn't talk about this. But there are rumors that FTX might start its business again. Kevin Cofsky from FTX said they are reviewing about three plans.
In court, Cofsky said FTX might restart on its own, with a partner, or even be sold. They will decide by December.
People have talked about FTX starting again since January. This started when the CEO, John Ray, made a team to look into the possibility of FTX relaunch. Some old FTX users like this idea better than closing forever.
FTX recently shared a plan to give back $9 billion to its users by 2024. With this, users might get 90% of their money back.
