FTX liquidators transfer 11.4K SOL (~$2.66M) to Binance in an asset recovery move.
The transaction aligns with liquidation efforts post-FTX collapse, flagged by PeckShield.
SOL market dynamics under watch following high-profile fund movement.
An FTX liquidator wallet sent nearly 11.4K SOL tokens, worth $2.66 million, to Binance. Blockchain security firm PeckShield highlighted the transfer, which is part of FTX’s ongoing liquidation process to compensate creditors.
#PeckShieldAlert #FTX Liquidator Main Wallet – labeled address has transferred ~11.4K $SOL (worth ~$2.66m) to #Binance pic.twitter.com/FBMOFAwyKh
— PeckShieldAlert (@PeckShieldAlert) November 27, 2024
The FTX address has actively managed the exchange’s remaining assets. This labeled wallet activity demonstrates transparency in fund movement as the exchange works to recover assets.
PeckShield flagged the transaction, which reflects the exchange’s strategy to recover and redistribute funds after its collapse. FTX’s liquidators likely moved assets into Binance to capitalize on liquidity opportunities or prepare for asset reallocation.
Read also : FTX to Return $16 Billion to…
The post What’s Behind FTX’s $2.66M SOL Transfer to Binance? Creditors Await Answers appeared first on Coin Edition.
