Wallets linked to bankrupt crypto entities FTX and Alameda Research staked 20,736 ETH—worth around $79 million—on Wednesday, according to Lookonchain data.
This is the latest in a series of asset movements under court-supervised liquidation efforts, which include a weekly cap on sales. Earlier this year, the firms withdrew about 21,650 ETH from Bybit and, in March, unstaked over 3 million Solana tokens valued at $431 million.
These moves come ahead of FTX’s third creditor payout, scheduled for September 30, where $1.9 billion will be distributed to eligible claimants.
The distribution follows a court’s decision to reduce FTX’s disputed claims reserve from $6.5 billion to $4.3 billion. However, creditors in China and certain other restricted jurisdictions are expected to be left out of the upcoming payment.
FTX and the FTX Recovery Trust continue to restructure and liquidate digital holdings in preparation for ongoing creditor settlements.
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