Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2. Nuzzi showed that 40 days ago, 173 million FTT tokens worth over $4 billion became active on-chain. Looking at large daily moves of the FTT token, he analyzed the transactions and found a
