Bankrupt Cryptocurrency Company Can Sell These Altcoins To Pay Off Its Debts! - Coin Newsletter

Bankrupt cryptocurrency exchange FTX and its sister company, Alameda Research, sold tens of millions of dollars to pay their creditors.

According to information shared by blockchain analytics firm Arkham Intel, FTX and Alameda have sold $97.35 million worth of cryptocurrency in the past month alone.

Lawyers for FTX, which collapsed in 2022, issued a statement this week, saying that all of the company's creditors will get their money back in full. According to the restructuring plan, those who are worth less than $50,000 will be paid 118%.

FTX cashed out many of its holdings, such as stocks and cryptocurrencies, in order to pay its creditors.

According to Arkham data, FTX still holds $33.85 million worth of BOBA and $11.22 million worth of Ethereum (ETH) in its wallet. The company also owns more than 78% of the FTT supply.

Alameda's wallets were listed as $140 million in Worldcoin (WLD), $102 million in BIT, $93 million in Bitcoin, and $48 million in Stargate Finance (STG).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)