Alameda Research May Be Desperate, But They're Still Using Ethereum

The purpose of the token movement is unclear, and it is likely that only a small portion of the firm's holdings are involved. However, the observation shows that Alameda is scrambling to arrange its finances using the Ethereum blockchain.

Alameda Research has moved $37 million of wrapped bitcoin off the FTX.US crypto exchange. (Arkham Intelligence)
It's no secret that Alameda Research is one of the biggest players in the crypto space. So when they move $37 million worth of wrapped bitcoin off of the FTX.US exchange, it's big news.