- They have begun returning frozen assets
- And plan to transfer a total of $157 million in coins
A couple of hours ago, OKX sent over $60 million in crypto assets to Alameda Research wallets. They conducted a total of 16 transactions in different cryptocurrencies.
For example, they funded 10 deposits worth $5 million in USDT stabelcoins and sent 337,859 MASK tokens (worth $1, 30 million).
This is how the OKX crypto exchange realized its promise to return $157 million that belongs to the bankrupt company Alameda.
These funds were frozen after the collapse of FTX. OKX is actively working with investigators and FTX representatives to ensure that cryptocurrency owners get their funds back.
Alameda also recently received a transfer from an unknown wallet. It includes more than 1 million Stargate tokens and more than 5 billion GPEPE meme tokens.
Alameda currently keeps assets from various firms in its wallets – such as 100 million BitDAO tokens (BIT) worth $48.61 million, 19,292 ETH worth $26.5 million, $12.35 million in USDC stablcoins and $14.63 million in Polygon tokens.
The company also owns Lido altcoins (LDO), the FTX Token, a Serum coin, etc.. The total amount of crypto assets is about $285.86 million.
The creditors of FTX are actively trying to recover funds from the exchange, as well as selling liquid assets. They recently demanded that Genesis pay them $3.9 billion.
This amount includes a loan from Alameda Research and funds withdrawn shortly before the company’s bankruptcy.
This amount includes a loan from Alameda Research and funds withdrawn shortly before the company’s bankruptcy.