US Government Moves Seized FTX Alameda Funds to New Wallet

Authorities transferred over $6 million in WETH and 13.58 million BUSD, according to blockchain monitoring platform Onchain Lens.

WETH
BUSD

Summary

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Terms & Concepts
  • WETH: Wrapped Ether, a tokenized version of Ether (Ethereum’s native cryptocurrency) that conforms to the ERC-20 standard.
  • BUSD: Binance USD, a U.S. dollar-pegged stablecoin issued by Binance and regulated by the New York State Department of Financial Services.
  • Onchain Lens: A blockchain analytics and monitoring platform that tracks cryptocurrency transactions and wallet movements.