FTX continues to push 22 million USD in assets to the floor
FTX and Alameda Research continue to transfer significant amounts of crypto to the exchange, serving the court-approved asset liquidation plan.
According to "intelligence" from Lookonchain, wallets owned by FTX and Alameda Research actively pushed money to CEX exchanges on the morning of December 2. This time the number is up to 22 million USD, in the form of IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS and WOO tokens.
Since October 2023, the company has made many notable transactions, with a cumulative value of up to 551 million USD through 59 different tokens. FTX has pledged to refund 90% of the value requested by FTX users.
The most recent time was on December 1, FTX transferred 10.8 million USD in crypto value to Binance, Coinbase and Wintermute, spread across 8 tokens: 2.58 million USD StepN (GMT), 2.41 million USD Uniswap (UNI), 2.25 million USD Synapse (SYN), 1.64 million USD Klaytn (KLAY), 1.18 million USD Fantom (FTM), 644,000 Shiba Inu (SHIB), a small amount of Arbitrum (ARB) and Optimism (OP).
Recently, the court also approved FTX to sell 873 million USD in treasury shares of Grayscale and Bitwise. In addition, to earn more money to repay debt, the exchange has put more than 160 million USD worth of SOL ETH and MATIC into staking. The exchange is also considering 3 proposals to resell the floor, including the option of abandoning the entire trading platform and looking for partners to restart the floor.
Even after recovering 5 billion USD in assets, FTX is still burdened with liabilities of up to 8.8 billion USD. Meanwhile, the "old hero" was found guilty of all charges and will appear in court to receive his sentence in March next year, facing a life sentence.
