FTX and Alameda Wallets Transfer $75M in ETH to Wintermute

Key Facts

Amid the ongoing asset recovery process for the collapsed FTX exchange, wallets linked to FTX and Alameda Research transferred approximately $75 million worth of Ether (ETH) to market maker Wintermute. According to reports from on-chain analysts PeckShield and EmberCN, the transfers involved over 27,000 ETH, with the largest single transaction valued at roughly $65 million. These movements are part of the broader efforts by the FTX bankruptcy estate to liquidate assets for creditor distributions.

While the scale of the transfer is significant, it remains unconfirmed whether the move is intended for immediate sale or over-the-counter (OTC) trading via Wintermute. Per market data, such transfers to market makers often precede liquidations, though the assets could also be held as inventory or used for hedging purposes. The FTX Recovery Trust has not issued a public statement regarding the intent of these specific transfers, leaving the market to weigh potential selling pressure.

With real-time ETH price data currently unavailable, traders are closely monitoring liquidity levels for any signs of volatility. On the macroeconomic front, recent data showed US Retail Sales rose 1.2% in September, while the Federal Reserve raised interest rates to 4% during its September 16, 2026 meeting. Investors should watch for official updates from Wintermute or the FTX estate for further clarity on the ultimate destination of these funds.