The FTX and Alameda Research liquidation team transferred 27,372 ETH, valued at roughly $75.32 million, to Wintermute through six wallets, while trackers separately identified a 23,639 ETH leg worth $65.05 million. Ether traded near $2,750 on Sept. 23, up 15% over seven days, as the estate continued converting assets during its creditor-repayment process. The FTX Recovery Trust has completed five distribution rounds totaling roughly $11 billion, including about $2.2 billion paid on March 31 and roughly $900 million released on July 3. The transfers do not confirm that Wintermute sold the Ether, although routing a large position through an over-the-counter desk can facilitate execution without placing the full amount directly on public exchange order books.