FTX News: FTX and Alameda Unstake $23M Worth of Solana

In a recent development in the cryptocurrency space, FTX and its affiliate Alameda Research have unstaked and transferred a significant amount of Solana (SOL). Here’s a closer look at what happened and its potential implications.

FTX and Alameda Unstake $23M Worth of Solana

FTX and its affiliate, Alameda Research, have unstaked and transferred 185,345 Solana (SOL), valued at $22.9 million, to 38 wallets in the past day. According to blockchain analytics platform SpotOnChain, the recipient wallets, which had previously received assets from staking addresses, now collectively hold approximately $178.82 million in SOL. This unstaking follows a significant event in March when FTX unlocked 3.03 million SOL, worth around $432.5 million, and distributed the tokens to multiple wallets.

US Court Approves 3AC’s Expanded $1.5B Claim Against FTX

A U.S. bankruptcy court has granted liquidators of defunct hedge fund Three Arrows Capital (3AC) permission to expand their claim against FTX to $1.53 billion. The court rejected objections from FTX’s debtors, ruling that 3AC’s liquidators had provided sufficient notice and were hampered by FTX’s failure to share relevant records timely. Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware made the decision on Thursday.