US Government Transfers Seized FTX Alameda WETH and BUSD Holdings

Authorities moved $6.43 million in WETH and 13.58 million BUSD from confiscated FTX Alameda assets to a new wallet, according to Onchain Lens data.

WETH

BUSD

90d ago

Summary

No Summary provided as the original text is short

Terms & Concepts

WETH: Wrapped Ether, a tokenized version of Ether (Ethereum’s native cryptocurrency) that adheres to the ERC-20 standard for easier trading and interaction with smart contracts.
BUSD: Binance USD, a U.S. dollar-backed stablecoin issued by Paxos in partnership with Binance.
Onchain Lens: A blockchain analytics tool that tracks and reports on cryptocurrency transactions across multiple networks.