FTX Estate Continues Asset Liquidation with $17M Solana Unstaking
On March 13, 2026, blockchain analytics platform Arkham Intelligence reported that Alameda Research, the defunct trading firm formerly under the FTX umbrella, has initiated another significant phase in its court-supervised asset liquidation process. The firm unstaked approximately $17 million worth of Solana (SOL) tokens, moving them from staking accounts into bankruptcy-controlled wallets. This transaction is part of the ongoing, periodic distributions to creditors following the collapse of the FTX empire in late 2022. The movement signifies a continued, structured effort by the bankruptcy estate to convert locked or staked assets into liquid form for creditor repayment. Alameda Research, once a dominant market maker and venture arm under Sam Bankman-Fried, still holds substantial cryptocurrency assets that are being methodically unwound under the supervision of the Chapter 11 bankruptcy proceedings. The unstaking of Solana is particularly notable given the asset's performance and the scale of FTX/Alameda's former holdings in the SOL ecosystem. This action follows a series of similar asset liquidations over the past few years, where the estate has sold or transferred billions of dollars in various cryptocurrencies to fulfill its repayment obligations. The process is carefully managed to avoid market disruption, often involving scheduled transfers and over-the-counter sales. The resumption of such distributions indicates progress in the complex bankruptcy case, which involves thousands of creditors worldwide. For the broader cryptocurrency market, these movements are watched closely as they represent significant potential supply-side pressure, although the estate's measured approach has so far mitigated drastic price impacts. The ongoing liquidation remains a key narrative tying the legacy of the FTX collapse to current market dynamics.
Alameda Unstakes $17M in Solana as Creditor Repayments Resume
Alameda Research has initiated a $17 million Solana unstaking operation, marking another phase in its court-supervised asset liquidation process. Blockchain analytics platform Arkham traced the movement of SOL tokens from staking accounts to bankruptcy-controlled wallets, part of periodic distributions to creditors.
The defunct trading firm, once a dominant force in crypto markets under Sam Bankman-Fried, maintains significant Solana exposure despite its 2022 collapse. These unstakings occur alongside broader efforts to recover value from Alameda's estate, which includes substantial holdings across multiple digital assets.
Solana's market activity drew attention following the transaction, highlighting ongoing ripple effects from FTX's implosion. The bankruptcy process continues to unwind Alameda's complex crypto positions, with SOL representing one of its most liquid remaining assets.
Prosecutors Oppose SBF Retrial Bid, Citing Lack of New Evidence
Federal prosecutors have moved to block Sam Bankman-Fried's attempt to secure a retrial, arguing his legal team failed to demonstrate any procedural unfairness in his conviction. The motion hinges on testimony from former FTX executives Ryan Salame and Daniel Chapsky—information the government contends was available to the defense pre-trial.
The rejection bid underscores the dwindling options for the convicted FTX founder, who faces a 25-year sentence. With a presidential pardon denied and an ongoing appeal, this legal setback may accelerate crypto market repercussions. Exchange tokens like FTT remain volatile as the case progresses.
Market observers note parallels between FTX's collapse and recent exchange-traded product flows. Bitcoin (BTC) and Ethereum (ETH) derivatives saw muted reaction to the news, while Solana (SOL)—once closely tied to SBF—maintained its upward trajectory amid broader institutional adoption trends.
