In a recent tweet by LookOnChain, it was reported that three addresses related to FTX/Alameda had transferred a whopping $69.64 million USDT to the address “0xad6e”.
Interestingly, $43 million USDT was transferred to three of the largest cryptocurrency exchanges, Coinbase, Binance, and Kraken. In addition, $75.94 million USDC was transferred to the Coinbase Custody Wallet.
According to sources, these transactions were made after the FTX/Alameda crash, which led to the consolidation of all assets at the three addresses mentioned in the tweet.
The transfer of such a huge amount has raised several questions among the crypto community. While some members believe that FTX is bullish on the market, others are skeptical about the intentions behind the transfer.
One member stated that the exchange’s latest activity suggests that they are dumping ETH, which seems to contradict the bullish sentiment. Another member criticized its alleged manipulation and questioned when they would face liquidation on leverage again.
There were also comments speculating about the person behind the transfer. Some speculated that it could be FTX’s CEO, Sam, who is known for his trading skills. They believe that Sam is trying to win back what was lost in the recent FTX/Alameda crash.
Nonetheless, the tweet has sparked a lot of interest and debate among crypto enthusiasts, with many eagerly awaiting further information.
Shaq Evading Service In FTX Class-Action Lawsuit
In other FTX-related news, Shaquille O’Neal, the former NBA star and celebrity endorser, is reportedly evading being served papers in a class-action lawsuit involving the collapsed cryptocurrency exchange platform FTX.
The suit, filed in November by Oklahoma resident and the exchange retail investor Edwin Garrison, alleges that FTX deceived investors and that celebrity endorsers, including Shaq, failed to do their due diligence before promoting the company’s products.
According to the report, Lawyers have had trouble reaching Shaq, who appeared in the exchange promotions and hosted a music festival sponsored by the platform. The plaintiff’s lawyers have sent multiple emails to Shaq, who has reportedly managed to evade them for almost four weeks.
An email from Garrison’s lawyers stated:
The sole remaining Defendant to accept service of the complaint is Defendant Mr. Shaquille O’Neal, who we know has discussed the existence of this case, but is apparently still actively evading service, refusing to answer his home door when approached by our process servers.
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