FTX Moved $2M Worth of XAUT to Wintermute OTC
CryptoNewsTerminal Staff19 Sep, 2024
FTX Moved $2M Worth of XAUT to Wintermute OTC
FTX Transfers $2 Million Worth of XAUT to Wintermute OTC According to data from Arkham Intelligence, crypto exchange FTX recently transferred 770 XAUT (approximately $2 million worth) from an FTX cold wallet (starting with 0x97) to a Wintermute OTC address approximately 4 hours ago. XAUT is a gold-backed token issued by Tether, a leading stablecoin issuer. It is designed to provide exposure to the price of gold while offering the liquidity and convenience of a digital asset. The reasons behind this transfer are currently unknown. However, it is worth noting that both FTX and Wintermute are major players in the cryptocurrency market, and this transaction could indicate a growing interest in gold-backed assets within the crypto ecosystem. We will continue to monitor the situation and provide updates as they become available. ---
