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NewsFTX/Alameda Addresses May Have Sold $13.5M Worth of Crypto Assets

FTX/Alameda Addresses May Have Sold $13.5M Worth of Crypto Assets

Oct 26,2023,03:43

According to on-chain data, starting yesterday addresses belonging to FTX and Alameda have transferred multiple crypto assets into Binance and Coinbase, probably for sale. The assets include over 2,900 $ETH, along with $MKR, $AAVE, $LINK, $RNDR, and $COMP, totaling around $13.5 million in value.

Last month, Judge John Dorsey in the US Bankruptcy Court for the District of Delaware approved a motion filed by FTX, allowing the exchange to sell, stake, and hedge its crypto holdings to pay back its creditors. According to filings disclosed earlier, FTX held a diverse portfolio of crypto assets valued at $3.4 billion. In mid-October, FTX's addresses staked a large amount of $SOL and $ETH.

Related: US Court Allows FTX to Sell Its Crypto Holdings

FTX's Addresses Staked 5.5M $SOL and 24K $ETH, Expected to Earn $9M per Year

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