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Alameda moves $16 million in Solana's SOL token for possible creditor payments

CoinDesk
Alameda Research unstaked $16 million in SOL tokens, likely to facilitate ongoing creditor repayments following the firm's bankruptcy.

Summary

Alameda Research, the sister company of the bankrupt crypto exchange FTX, has unstaked approximately $16 million worth of Solana's SOL tokens. According to data from Arkham, these assets were moved to an address associated with creditor distributions, mirroring a similar transaction that occurred about a month ago. While no official confirmation has been issued, this pattern strongly suggests the funds are being prepared for the firm's ongoing restructuring and repayment process. Alameda still retains significant holdings, with approximately 3.5 million SOL tokens valued at over $294 million remaining in its wallets.

(Source:CoinDesk)