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Token ETH
Token MATIC
Token SOL

Nov 13, 2023

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SOC Team

FTX resumed depositing SOL, MATIC, and ETH to exchanges

Outflow

Related addresses

Total tokens transferred

Token SOL

250K

SOL

Token MATIC

8.270M

MATIC

Token ETH

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.

 

Related entities:

 

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.

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#alameda
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#matic
#eth