Alameda Transfers $62 Million Worth of Bitcoin to BitGo Custody

Alameda Research has made a significant move by transferring 500 Bitcoin worth approximately $62 million to BitGo custody services. This action, monitored by Onchain Lens, may signal the beginning of asset repatriation following Alameda’s bankruptcy in 2022 and their historical involvement in Wrapped Bitcoin (WBTC) operations. The transfer was reported by Onchain Lens within the last seven hours. This move is noteworthy as it highlights a significant shift in custody arrangements for Alameda after their recent restructuring.