OKX Transfers Whopping $60M To Alameda’s Crypto Wallet

Key Points:

• OKX sends $60M to bankrupt Alameda Research wallet in 16 transactions.
• Alameda Research’s wallet holds $285.86M in crypto assets.
• FTX creditors try to recover assets, while speculation surrounds FTX’s relaunch.

According to data from Arkham Intelligence, OKX sent over $60 million worth of crypto assets to the wallet of bankrupt Alameda Research in the last five hours.

This was accomplished through 16 transactions, which included 10 deposits of $5 million USDT and 337,859 MASK (roughly $1.30 million). It’s worth noting that OKX has promised to cooperate with FTX debtors and law enforcement officials to return any funds linked to the bankrupt firm on its platform.

Moreover, during the last seven days, the Alameda wallet has received over 1 million Stargate tokens (STG) and over 5 billion units of the GPEPE meme coin from an unknown wallet. This is quite interesting considering that Alameda’s largest crypto holding was $61.40 million USDT, with other top holdings being 100 million BitDAO tokens worth $48.61 million, 19,292 Ethereum (ETH) worth $26.5 million, $12.35 million USDC, 28.9 million Stargate tokens worth $18.43 million, and 16.39 million Polygon tokens worth $14.63 million. The firm also holds altcoins like Lido (LDO), FTX Token (FTT), Serum (SRM), among others. Overall, its crypto assets are worth $285.86 million.

It’s worth noting that FTX creditors have continued efforts to recover the exchange’s assets. The bankrupt firm has moved to claw back $3.9 billion from Genesis and has been involved in selling several assets belonging to the company.

There is increased speculation that suggests the possibility of FTX restarting operations. A recent court filing confirmed plans to restart FTX’s Japanese subsidiary.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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