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The $1.9 billion of withdrawals of tokens based on the ethereum blockchain mark the largest daily outflow over a 24-hour period since June 13, the Nansen data showed, and accounted for the majority of the funds being pulled in the last seven days.
The exemption allowed Alameda to keep borrowing funds from FTX irrespective of the value of the collateral securing those loans.
Bankman-Fried was charged with eight counts of fraud and conspiracy by US prosecutors on Tuesday after his arrest on Monday.
Shark Tank host Kevin O’Leary is testifying before the Senate Banking Committee on the FTX collapse that is estimated to have cost him $15 million.
Here is what happens to your money if your bank, brokerage or crypto exchange goes bust