Bankrupt cryptocurrency exchange FTX continues to transfer altcoins to exchanges.
FTX is divesting its altcoin assets to repay its creditors. Reported by on-chain analysis platform Lookonchain to data by FTX 28 October He transferred tens of millions of dollars worth of altcoins to exchanges.
Among the transferred assets;
- 309,185 Solana (SOL) worth $10 million
- 2.03 million Band Protocol (BAND) worth $3.15 million
- 3.82 million Perpetual Protocol (PERP) worth $2.3 million
- 46.67 million TrueFi (TRU) worth $1.78 million
- 4.39 million Biconomy (BICO) worth $1 million
- 915,048 million Kyber Network (KNC) worth $686 thousand
- 5.47 million Civic (CVC) worth $479k
- 7,272 thousand BarnBridge (BOND) worth $ 30 thousand) took place.
According to data from on-chain analysis platform Arkham Intelligence, FTX transferred many of the altcoins in question to the US cryptocurrency exchange Coinbase.
At the beginning of last September, the US Bankruptcy Court for the District of Delaware allowed FTX to sell and stake its cryptocurrencies in order to repay its investors. Weekly to the stock market 100 million dollars There was a restriction on selling cryptocurrencies worth
Market experts interpreted FTX’s transfer transactions as a pre-sale preparation move to repay creditors.
According to current data, FTX holds ready for sale 3 billion dollars There are cryptocurrencies around.
FTX has recently moved many of its altcoins and even sold some of them.