Alameda’s Crypto Wallets Are Quietly Swapping Funds for Bitcoin (BTC): On-Chain Data

Alameda Research’s Ethereum (ETH) addresses are quietly swapping altcoins for Bitcoin (BTC), according to on-chain sleuths. The pseudonymous on-chain researcher known as Ergo says on Twitter that Alameda addresses are “digging around in the sofa for spare change” and swapping ERC-20 tokens for ETH and the top stablecoin Tether (USDT).