FTX Treasury Wallet Moves Out $247M FTT Amid Market Gains

• The wallet also moved 2,010 ETH worth $6.1M and JOE tokens worth $3.25M.
• FTX treasury wallet moved 195.87M FTT valued at $246.8M to a new destination.
• These transactions came amid the recent relief rally in the crypto market, with Bitcoin regaining $64K.

A wallet affiliated with bankrupt exchange FTX has been spotted migrating crypto funds to a new destination, largely the platform’s native token, FTX. Lookonchain, a crypto surveillance account on X, called attention to this latest move from FTX in an update.

6 hours ago, FTX: FTT Treasury transferred all assets to a new wallet, including:

195.87M $FTT($246.8M)
1,938 $ETH($5.94M)
6.36M $JOE($3.25M)

Address:
0x2a4F8d77bAde18256b1BDB3cF8782645037f60d3 pic.twitter.com/vJXmYsC2Ek

— Lookonchain (@lookonchain) April 19, 2024

Per the revelation, FTX’s treasury wallet transferred all assets to a new wallet in multiple transactions within the last 24 hours. Of the moving tokens, FTT wields the most staggering dollar sum. Specifically, the wallet transferred 195.87 million FTT coins valued at $246.8 million. 

Other transactions from the FTX treasury wallet valued in millions of dollars included Ethereum and JOE t…

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