Alameda Transfers 198,000 SOL to FTX Creditor Wallet

Alameda Research, the trading firm affiliated with the bankrupt cryptocurrency exchange FTX, has unstaked and transferred approximately 198,000 Solana (SOL) tokens, valued at around $16 million, to a wallet associated with creditor distributions. The transaction, tracked by blockchain analytics firm Arkham Intelligence, occurred on April 13 and follows a similar movement of SOL to the same destination about a month earlier.

This action reflects the ongoing efforts to liquidate assets as part of the bankruptcy proceedings stemming from FTX's collapse in November 2022. Unstaking involves withdrawing tokens from Solana's proof-of-stake network, where they had been locked to secure the blockchain and earn rewards, making them liquid for potential use. According to Arkham data, the tokens moved from a cold staking wallet to a central settlement address managed by the FTX and Alameda estates, a pattern that indicates structured repayments to creditors rather than immediate market sales.

The repetition of this process underscores a deliberate strategy to address obligations from the FTX fallout. Alameda, founded in 2017 by Sam Bankman-Fried, once dominated cryptocurrency trading by...