Due to the lack of transparency from other Alameda, FTX and everyone involved, we can come out only with some assumptions.

Assumption #1

This is the wallet (AD2) where FTX profits have been accumulated in Ethereum. It was growing then dropped:

Assumption #2

This is the main Ether and stablecoin withdrawal wallet, and it's drying out:

We might be wrong. Or we might be happy to find out where we are wrong.

Two pictures telling a better story than two hundred words.