FTX’s Alameda Research Receives $58M Bitcoin Amid $1B Crypto Holdings

In a significant development within the cryptocurrency space, Alameda Research, the now-defunct quantitative trading firm closely associated with the collapsed FTX exchange, has received a substantial influx of 500 BTC valued at approximately $58 million into one of its primary wallets. This transaction, occurring on October 12, 2025, was meticulously tracked through WBTC merchant deposit addresses and originated from intermediary wallets linked to QCP Capital, with funds subsequently moving through Alameda's WBTC merchant infrastructure. The substantial Bitcoin transfer underscores Alameda's enduring presence in the crypto markets despite the firm's operational shutdown following FTX's dramatic collapse in 2022. This latest development is particularly noteworthy as it reinforces Alameda's cryptocurrency holdings, which continue to exceed the $1 billion threshold even after recent creditor repayment initiatives. The movement of such a significant amount of Bitcoin through established institutional channels demonstrates the ongoing activity within what remains of the FTX ecosystem and highlights the complex web of financial relationships that persist in the post-collapse landscape. Market analysts are closely monitoring these developments, as they provide crucial insights into the disposition of FTX-related assets and the potential implications for creditor recoveries. The transaction also raises questions about the strategic management of Alameda's remaining digital asset portfolio and whether these movements signal broader restructuring efforts or preparatory steps for additional creditor distributions. For the cryptocurrency industry at large, this event serves as a reminder of the lasting impact of the FTX collapse while simultaneously illustrating the resilience and continued operation of digital asset infrastructure even in the wake of major industry upheavals. The involvement of established entities like QCP Capital in facilitating such transactions further validates the maturation of institutional cryptocurrency channels, despite the regulatory scrutiny and market volatility that have characterized the sector in recent years.

Alameda Research Receives 500 BTC Amid $1B Crypto Holdings

Alameda Research, the defunct quantitative trading firm tied to FTX, has received 500 BTC (worth approximately $58 million) in one of its primary wallets. This inflow, traced through WBTC merchant deposit addresses, reinforces Alameda's crypto holdings exceeding $1 billion—even after recent creditor repayments.

The transaction originated from intermediary wallets linked to QCP Capital, with funds moving through Alameda's WBTC merchant channels. As an authorized WBTC merchant during its operational peak, Alameda could mint tokenized Bitcoin while BitGo maintained custody. The latest transfer suggests either unwrapping of WBTC or reactivation of dormant assets.

Notably, Alameda's SOL unlocks and BTC accumulations mirror pre-bankruptcy patterns, including prior WBTC withdrawals from FTX. The firm retains full control of the 500 BTC, underscoring its lingering influence despite its collapse.

Wintermute CEO Denies Collapse Rumors Amid Market Turmoil

Wintermute CEO Evgeny Gaevoy has forcefully dismissed rumors of the firm's collapse following the October 10 cryptocurrency market crash, which liquidated $19 billion in leveraged positions. The denial comes amid heightened market sensitivity, with traders drawing uneasy parallels to the FTX and Terra crises.

Gaevoy's public rebuttal addresses speculation that the market Maker suffered irreparable damage during the volatility. As one of the industry's most prominent liquidity providers, Wintermute's stability carries systemic implications for crypto markets.