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Cryptographic portfolios linked to the EXCHANGE FTX Crypto, which is now missing, and to the bankruptcy negotiation company Alameda Research, have sparked more than 3 million Solana token, which is the largest soil unlocking since the company began to sell its tokens in November 2023.
The blockchain analysis company, Lookonchain, noted the activity of not on stage by Alameda and FTX in an X job Earlier in the day. At the time of soil unlocking, the tokens were estimated at around $ 431 million.
FTX and Alameda move thousands of soil in Binance
After having unlocked the tokens, the two companies then sent the floor to Binance, which is the largest exchange of cryptographic space in terms of 24-hour trading volume. The chain data shared by Lookonchain show that companies sent 25,000 soil, worth around 3.3 million dollars at the time, to the platform.
3.03m $ Soil(431.3 million dollars) struggled by FTX / ALAMEDA today, 24,799 $ Soil($ 3.38 million) was filed with #Binance. pic.twitter.com/ig2jl2ccxl
– Lookonchain (@lookonchain) March 4, 2025
Ftx And Alameda has already released more than $ 400 million on the ground. However, the Delaware bankruptcy court imposed strict asset liquidation limits in September 2023 which prevent companies from selling all their tokens in a single transaction.
SPOT ON CHAIN data noted That the Defunct Exchange has no time of 7.83 million soil since November 2023. These tokens, according to the blockchain analysis platform, were unloaded in Binance and the main American exchange base at an average selling price of $ 125.80 per soil.
FTX starts $ 1.2 billion in customer reimbursement
Alameda Research and FTX’s recent non-emission activity comes when the exchange begins to reimburse some of its former users who lost funds during the collapse of the platform.
Ftx started to distribute around $ 1.2 billion in digital assets to customers affected on February 18. Although reimbursements are a positive development, there are certain challenges. Some customers are in jurisdictions that are not eligible for reimbursements. The FTX, however, explores its options, according to FTX Creditor and Advocate Sunil Kavuri.
FTX complaints
Many claims come from jurisdictions not eligible for FTX distributions for the moment, in particular:
Russia, China, Egypt, Nigeria, Ukraine
FTX examines options
China is the largest with 8% of customers pic.twitter.com/ts1itoqhal
– Sunil (champion of the creditor FTX) (@sunil_trades) February 21, 2025
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