Nov 13, 2023
SOC Team
FTX resumed depositing SOL, MATIC, and ETH to exchanges
Outflow
Related addresses
Total tokens transferred
250K
SOL
8.270M
MATIC
1.5K
ETH
FTX and Alameda Research deposited $24M worth of three assets to Kraken and OKX:
- 250,000 SOL ($13.5M)
- 8.27M MATIC ($7.41M)
- 1,500 ETH ($3.1M)
Overall, as of November 14, FTX and Alameda Research have deposited $438M worth of 41 tokens to exchanges.
- check out the complete list of assets transferred out by FTX and Alameda Research here
Notably, FTX only has 3,408 SOL ($179K) in liquidity left in Cold Storage 2. However, FTX still holds 42.2M SOL ($2.19B) under lock-up, according to CoinGecko. These SOL will only start to be unlocked next year and largely remain frozen until 2027 or 2028.
- more details here
- FTX entity here
- Alameda Research entity here
- FTX SOL Cold Storage 1: 6b4aypBhH337qSzzkbeoHWzTLt4DjG2aG8GkrrTQJfQA
- FTX SOL Cold Storage 2: 9uyDy9VDBw4K7xoSkhmCAm8NAFCwu4pkF6JeHUCtVKcX
Note that FTX will be permitted to:
- sell off tokens in a series of weekly batches, with an initial limit of $50M for the first week and $100M for subsequent weeks
- sell BTC and ETH only after providing a 10-day notice to the creditors' committee, ad hoc committee, and the U.S. Trustee
- more details here
Fig 1. The updated top 15 assets transferred out by FTX and Alameda Research since October 24.