Alameda Research unstakes $17M in SOL, continues monthly creditor distributions
Crypto Briefing
Alameda Research unstaked $17 million in SOL tokens as part of its ongoing monthly creditor distributions.Summary
Alameda Research, the bankrupt trading firm associated with FTX, unstaked over 197,000 Solana (SOL) tokens, valued at $17 million, and moved them to its bankruptcy account. This action is part of the regular monthly distributions being made to creditors owed money following one of crypto's largest insolvencies. Alameda's addresses still hold substantial SOL holdings, approximately 3.5 million tokens valued at $326 million, despite having previously held around 5 million SOL worth over $750 million. Solana holdings are a significant component of the recoverable assets for the estate, as the token has recovered sharply since FTX's collapse in November 2022.
(Source：Crypto Briefing)