Categories: Crypto

FTX and Alameda Research stake 20,736 Ethereum ahead of creditor payout

Key Takeaways

FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals.
The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March.

Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain.

The move follows ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit.

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The entities previously unstaked over 3 million Solana tokens worth approximately $431 million in March, marking their largest unstaking event since beginning token sales in November 2023. Following the action, around 25,000 Solana tokens valued at roughly $3.3 million were moved to Binance.

These asset movements occurred amid FTX and Alameda’s ongoing effort to liquidate holdings under court-mandated weekly limits tied to their bankruptcy estate.

Last week, FTX and FTX Recovery Trust announced plans to distribute $1.9 billion to creditors on September 30 in their third round of payouts. The distribution follows a court decision to reduce the disputed claims reserve from $6.5 billion to $4.3 billion.

Creditors in China and certain other jurisdictions facing restrictions are expected to be excluded from the upcoming payment.