About FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

What is the question?🚨

Analyze what Alameda is experiencing. Rumors over the weekend began swirling that alameda research is on the brink of insolvency.

Observe net in and outflows of USD tokens from known Alameda or FTX accounts throughout different chains. Are they going somewhere specifically? Are there any signs of potential insolvency?

Note any other interesting trends or events you see.

Methodology

In this dashboard we are going to look at the Stablecoin flows to and from FTX/Alameda wallets on Ethereum and Solana in the past ==60== days. we are looking to see drastic changes in the stablecoin holding of these wallets. The data for this dashboard will come from the ethereum.core and solana.core tables of Flipside’s database.

For analysing the Outflows, we should set our from_address or tx_from to the extracted FTX and Alameda addresses from dim_labels tables ==while the to_address or tx_to is not FTX and Alameda addresses (excluding inner flows).==

For analysing the Inflows, we should set our to_address or tx_to to the extracted FTX and Alameda addresses from dim_labels tables ==while the from_address or tx_from is not FTX and Alameda addresses (excluding inner flows).==

Ethereum

Solana

Stablecoin Flow

A more comprehensive form of the information in the first paragraph is shown in the trend graphs and column forms above.
As you can see these information are gathered from Sep 9th to Nov 8th on both Ethereum and Solana, on Ethereum we have the flow of USDC, DAI, TUSD, BUSD and USDT and on Solana side we can study the flow of USDC and USDT which are the only currencies on the graphs.
The Ethereum and Solana changes throughout the investigated time span don’t have much in common, except the spike of heavy flow volume that has happened on Nov 7th.
In the column form at 3rd row the total net flow of both platforms are shown is a much more simple form, what is understandable that the net flow line of Ethereum is always above the deadline with noticeable amounts but on Solana side the net flow line is always below zero by a small amount.

Stablecoin Destination

Conclusion

Analyze what Alameda is experiencing. Rumors over the weekend began swirling that alameda research is on the brink of insolvency.

The Alamada research is definitely going trough some hard times recently, in Solana platform we can see a huge negative net flow which is the result of outflow of USDT and USDC to different destinations, mostly gate.io. But it is yet soon to decide the downfall of Alamada because both Alamada and FTX are having a good net flow in Ethereum platform.
Observe net in and outflows of USD tokens from known Alameda or FTX accounts throughout different chains. Are they going somewhere specifically? Are there any signs of potential insolvency? The outflow of USD tokens as we see in the outflow sectioned by the destinations, in Ethereum more than 72% of the outflow is going to binance and in Solana more than 71% goes to gate.io this can be a great warning for other projects with high bankruptcy chance in any projects except the two destinations mentioned earlier.

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For a more accurate study of the situation, we have the previous paragraph, trends in a daily column form from Sep 9th to Nov 8th.
The exact volume of in and out flow is visible in the first row of images for both platforms.
the overall net flow is also shown (in a daily basis) in the middle and the spiked changes on Nov 7th is better shown here.
The 3rd row of graphs again is the same information but in a cumulative form and the exact amount can be seen by hovering your mouse over the edges of the graphs.

Now that we understood the amount of inflow and outflow of different currencies on both platforms, its time to see the volume of the out flows from both Ethereum and Solana and their destinations.
The first row above, the column form of the outflow plus their destination is shown. In the second row the same information as first is shown in normalized form and as you can see more than 72% of the outflow from Ethereum goes to Binance.
In Solana however the majority of outflow is destined to gate.io which is more than 71%.
To be able to read the daily amount and compare them in the different parts of our time span, you can see the information in a graph form in middle and the yet increasing trend of binance and gate.io is shown perfectly.
The column forms in the end also give us the exact amounts by the end of Nov 8th.

Appendix

The solution of this question and the queries are completely used from the filipside database

The construction of the dashboard was also used from the site app.flipsidecrypto.com/velocity, which belongs to flipside

Some ==queries== and charts and the ==method== description section are copied from the following dashboards:

Thank you very much dear ==0xHaM☰d== and ==alik110== and ==jacktheguy==

In the video on the left there is a animated visual of project volume changes over time and here you can see the transferred amount in order of size.
Also at the bottom we have two column forms that compare the balance of stablecoin VS other tokens over time.

Alamada and FTX have their share of stablecoin flow, in the blocks above ( last updated on Nov 8th) we can study the in and outflow of them.
on Ethereum the inflow of FTX and Alamada is 226.2M, and with the outflow of -62.6M, an overall net flow of 163.7M is made.
The Solana however has a much more different situation the inflow is about 1.11B and outflow is -1.131B which create a net flow of -20.93M.
The amount of net flow in Ethereum has a major distance from Solana and it is totally visible in the 3rd row of blocks above.

About Binance

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software.

About Alameda Research

Alameda Research is a Hong Kong-based private equity firm founded by Sam Bankman-Fried in October 2017. It offers full-service cryptocurrency trading on every market and exchange and engages in over-the-counter (OTC) trading. As of April 2022, Alameda Research manages over $1 billion in digital assets and trades between $1-10 billion per day across thousands of major coins, altcoins, and their derivatives.

What is a Crypto Exchange?

A crypto exchange is a platform on which you can buy and sell cryptocurrency. You can use exchanges to trade one crypto for another — converting Bitcoin to Litecoin, for example — or to buy crypto using regular currency, like the U.S. Dollar. Exchanges reflect current market prices of the cryptocurrencies they offer. You can also convert cryptocurrencies back into the U.S. Dollar or another currency on an exchange, to leave as cash within your account (if you want to trade back into crypto later) or withdraw to your regular bank account.

There’s no one crypto exchange that’s best for every user, says Tyrone Ross, a financial advisor and CEO of Onramp Invest, a crypto investment platform for financial advisors. Instead, he says it helps to evaluate your own interests when it comes to crypto, and find an exchange that aligns with your goals. For example, maybe you’re looking for a specific coin, or you want to continue learning more as you get into crypto investing.

About FTT

FTT is the native token designed for the cryptocurrency derivatives exchange FTX. It has numerous uses designed to benefit its users and increase network effects around the platform.

FTX is a cryptocurrency derivatives exchange launched in April, 2019 that offers futures and leveraged tokens on both individual and baskets of cryptoassets, over-the-counter (OTC) trading, and binary options on the outcome of the 2020 American Presidential election. It is backed by Alameda Research, a trading firm accounting for between $600 million and $1 billion of volume a day or roughly 5% of global volume.

FTX was designed to prevent clawbacks using a three-tiered liquidation model that closes positions with rate-limited orders and leverages an insurance fund to prevent customer losses. Rather than fracturing liquidity across various tokens, collateral is shared in one universal stablecoin wallet to mimic the traditional futures market. FTX also allows traders to take leveraged or short positions without trading on margin or futures with their Leveraged Tokens that mimic the experience of trading on spot markets but allow 3x, -1x or -3x on various tokens. The FTX OTC desk is powered by Alameda and trades around $30 million per day with no fees.

Crypto exchange FTX is under the industry's microscope again.

Hot on the heels of Binance CEO Changpeng “CZ” Zhao declaring that Binance is liquidating its stash of FTX’s native exchange token FTT, mass withdrawals from FTX have accelerated, with weekly stablecoin outflows from FTX reaching a whopping $451 million, according to Nansen data.

Conversely, Binance has seen net inflows of more than $411 million over the same period.

Some of those stablecoin withdrawals, as highlighted by blockchain analysts at PeckShield, were executed by Jump Trading, which has transferred about $40.4 million worth of USDC stablecoin from FTX in the past 24 hours. The trading firm has since transferred $6.1 million in USDC back to FTX.

Stablecoins haven’t been the only asset leaving FTX, either.

In additional transactions, around $94 million worth of cryptocurrencies, including about $73.9 million in Ethereum, was sent from FTX to crypto lending firm Nexo.

Other tokens like Fantom (~$1.1 million) and Chainlink (~$1.4 million) were also moved off the exchange.

Recent transfers off of FTX. Source: Peckshield.

PeckShield also pointed to withdrawals of about 21,768.8 ETH (~$34.5 million) to Coinhako, 14,547 Staked ETH (~$23 million) to an unidentified wallet, and another 10,000 ETH worth about $15.9 million to Nexo.