FTX’s $125M Ethereum and Solana Stakes Amid Repayment Scrutiny: A Step Toward Creditor Recovery

FTX, the now-defunct cryptocurrency exchange, is making headlines once again as it prepares for its third round of creditor repayments, with $1.9 billion slated for distribution starting September 30, 2025. This follows previous distributions of $1.2 billion in February and $5 billion in May, signaling significant progress in the recovery process for global creditors. However, the situation has taken an intriguing turn with blockchain analytics firm Arkham Intelligence reporting suspicious on-chain activity involving FTX and its affiliated trading firm, Alameda Research. According to Arkham, wallets linked to these entities have staked a combined $125 million in Ethereum (ETH) and Solana (SOL), raising questions about the motives behind these moves amid ongoing repayment scrutiny. The staking activity, which involves locking up cryptocurrencies to earn rewards, has sparked debate among industry observers. Some view it as a strategic effort to generate additional revenue for creditor repayments, while others speculate it could be an attempt to influence market dynamics. The timing of these stakes is particularly notable, as FTX's repayment process has already been under intense scrutiny from regulators and creditors alike. The exchange's collapse in late 2022 left billions in customer funds frozen, and the ongoing repayments represent a critical step toward resolving one of the most high-profile failures in crypto history. As the September 30 repayment date approaches, all eyes will be on FTX's next moves—and whether the $125 million staked in ETH and SOL will play a role in the broader recovery effort.

FTX and Alameda Stake $125M in Ethereum and Solana Amid Repayment Scrutiny

FTX, the collapsed crypto exchange, is preparing for its third round of creditor repayments, with $1.9 billion set for distribution starting September 30. This follows previous distributions of $1.2 billion in February and $5 billion in May, marking progress in the recovery process for global creditors.

Questions arise as blockchain analytics firm Arkham Intelligence reports suspicious on-chain activity. Wallets linked to FTX and Alameda Research have staked significant amounts of ethereum (ETH) and Solana (SOL), totaling $125 million, rather than liquidating assets for repayments. The timing—weeks before the scheduled payout—has fueled speculation about the true allocation of these funds.

The repayment plan, based on a record date of August 15, aims to resolve claims without further disputes. Yet, the staking activity suggests alternative strategies may be at play, casting doubt on transparency and prioritization of creditor interests.

Top Crypto News This Week: FTX Repayments and Ethereum Strategic Moves

FTX creditors are set to receive $1.9 billion in repayments starting September 30, following court approval. The distributions, with a record date of August 15, could inject fresh liquidity into the crypto market. Analysts speculate whether recipients will redeploy funds into digital assets.

Sharplink Gaming's earnings call on August 15 draws attention as the firm pivots exclusively to Ethereum, abandoning Bitcoin. The company competes with BitMine in building strategic ETH reserves, positioning itself as a major advocate for the leading altcoin.