- OKX returns 157 million USD of frozen FTX and Alameda belongings.
- Chapter attorneys mentioned FTX had an enormous asset shortfall.
- Out of two.2 billion solely 694 million USD value of belongings. USD is essentially the most liquid, as is BTC.
In a surprising flip of occasions, the OKX cryptocurrency change reported transferring round 157 million frozen belongings associated to FTX and Alameda to the suitable authorities in response to a chapter submitting.
In line with an official assertion on Thursday, OKX mentioned it had actively launched investigations within the days surrounding the FTX collapse to find out whether or not there have been any FTX-related transactions on its platform. After discovering the accounts linked to FTX and Alameda Analysis, OKX instantly froze the associated accounts to guard belongings.
Notably, a hacker stole $600 million from FTX wallets shortly after it went down final November. The incident has led cryptocurrency lovers to fret that FTX accounts on different exchanges could have been compromised as properly.
Earlier this month, chapter attorneys engaged on FTX’s case mentioned there was an enormous scarcity of belongings within the failed change. In line with the report, belongings value $2.2 billion had been recognized within the wallets of accounts linked to FTX. Nonetheless, solely $694 million represents essentially the most liquid belongings in Class A, which incorporates fiat, stablecoins, Bitcoin (BTC), and Ethereum (ETH).
Different belongings included 385 million USD in unpaid buyer payments and enormous claims towards FTX’s sister firm, Alameda Analysis, and different associated events. The presentation additionally exhibits that Alameda borrowed $9.3 billion from FTX wallets and accounts.
Equally, FTX’s US subsidiary had $191 million. USD complete belongings, along with 28 million USD of buyer receivables and 155 mln. USD associated occasion receivables.
