Cryptocurrency News

FTX and Alameda Analysis stake 20,736 Ethereum forward of creditor payout


Key Takeaways

  • FTX and Alameda Analysis staked 20,736 ETH valued at $79 million after current Bybit withdrawals.
  • The entities unstaked over 3 million Solana tokens valued at roughly $431 million in March.

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Wallets linked to FTX and Alameda Analysis staked 20,736 Ethereum valued at roughly $79 million on Wednesday, in keeping with information tracked by Lookonchain.

The transfer follows ETH withdrawals by defunct crypto buying and selling companies earlier this yr. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit.

The entities beforehand unstaked over 3 million Solana tokens value roughly $431 million in March, marking their largest unstaking occasion since starting token gross sales in November 2023. Following the motion, round 25,000 Solana tokens valued at roughly $3.3 million have been moved to Binance.

These asset actions occurred amid FTX and Alameda’s ongoing effort to liquidate holdings beneath court-mandated weekly limits tied to their chapter property.

Final week, FTX and FTX Restoration Belief introduced plans to distribute $1.9 billion to collectors on September 30 of their third spherical of payouts. The distribution follows a court docket resolution to cut back the disputed claims reserve from $6.5 billion to $4.3 billion.

Collectors in China and sure different jurisdictions dealing with restrictions are anticipated to be excluded from the upcoming fee.

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