On August 8, Alameda Research made a significant move by depositing 205,380 $WLD tokens into Binance, one of the largest cryptocurrency exchanges in the world. The value of these coins is approximately $351,000, according to Lookonchain. This transaction has occurred during the period when Alameda and FTX, its sister firm, are undertaking intensive financial activities because of the legal battles.
FTX and Alameda will repay $12.7B to FTX creditors!In a document filed on Aug 7, a US judge formally approved #FTX and #Alameda to repay $12.7B to #FTX creditors.https://t.co/R07ec2tr0UOn Aug 8, #Alameda deposited 205,380 $WLD($351K) into #Binance.#FTX and #Alameda… pic.twitter.com/iIf7qiaLAU
— Lookonchain (@lookonchain) August 9, 2024
FTX, Alameda Maintain $630M in Various Crypto Tokens
The recent deposit is part of a much larger portfolio that both FTX and Alameda possess which is about $630 Million worth of different tokens. Their holdings include 266.85 million $FTT tokens which is equal to $344.24 million, 105.47 million $BIT tokens worth $ 113.26 million, and 24.8 million $WLD tokens that were earlier issued but the deposit has been reduced to $43.64 million.
In addition, they possess 104 million $STG tokens, which are worth $32.6 million, and 145.97 million $BOBA tokens which is approximately $29.83 million.
FTX, Alameda Face Long Recovery After $12.7B Settlement
These developments come after a key legal decision on August 7 when United States District Judge Peter Castel signed off on a $12.7 billion settlement. This order enables FTX and Alameda to settle their debts following a legal battle that began in 20 months earlier when the United States CFTC sued the firms.
Ultimately, the deposit into Binance, as highlighted by Lookonchain, shows that the two companies still have a long way to go in their recovery journey as they fulfill their economic liabilities.
