PeckShield flagged a $6.27M USDT transfer from OKX to an FTX/Alameda wallet.
FTX’s $12.7B creditor settlement includes $8.7B restitution and $4B disgorgement.
Repayment in cryptocurrency faces potential SEC opposition over stablecoins.
Blockchain security firm PeckShield observed transfers from cryptocurrency exchange OKX to wallets linked to the bankrupt FTX exchange. Early Friday morning, an Alameda/FTX-labeled address received 6.275 million USDT from OKX. The reason behind this transfer remains unclear, but it could indicate the start of FTX creditor repayments.
#PeckShieldAlert #Alameda/#FTX-labeled address has received 6.275M $USDT from #OKX pic.twitter.com/vAaYSREuWv
— PeckShieldAlert (@PeckShieldAlert) September 6, 2024
In July, FTX reached a $12.7 billion creditor settlement with the Commodity Futures Trading Commission (CFTC), pending court approval. This marked an end to a 19-month legal battle between the CFTC and the exchange. A few weeks later, New York Judge P. Kevin Castel approved a consent order requiring FTX to pay defrauded investors $12.7 billion in restitution.
Read also: FTX Reorganization Plan Wins 95% Creditor Approval
The se…
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