{"id":184594,"date":"2023-10-31T22:02:38","date_gmt":"2023-10-31T16:32:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=184594"},"modified":"2023-10-31T22:02:38","modified_gmt":"2023-10-31T16:32:38","slug":"bankrupt-ftx-moves-156m-worth-of-assets-including-ethereum-and-solana-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bankrupt-ftx-moves-156m-worth-of-assets-including-ethereum-and-solana-crypto-news\/","title":{"rendered":"Bankrupt FTX moves $156M worth of assets including Ethereum and Solana &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<div class=\"code-block code-block-2\" style=\"margin: 8px 0;clear: both\"> <a rel=\"nofollow noopener\" target=\"_blank\" class=\"placement\" title=\"Stop scaring users with your bad KYC flows\" href=\"https:\/\/link.cryptoslate.com\/Checkin-News-Rectangle\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload\" width=\"600\" height=\"500\" style=\"max-width: 300px;height: auto\" alt=\"Stop scaring users with your bad KYC flows\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/10\/checkin-cryptoslate-600x500-d-1.jpg\" \/><\/a><\/div>\n<p>Blockchain analytics firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/nansen\/\">Nansen<\/a> reported that wallets connected to bankrupt FTX have moved up to $156 million worth of digital assets, including Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>) and Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/solana\/\">SOL<\/a>), in several transactions over the past week.<\/p>\n<h2>Unstakes Solana<\/h2>\n<p>In an Oct. 31 post on X (formerly Twitter), Nansen <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nansen_ai\/status\/1719292072447049903\">reported<\/a> that FTX began unstaking 1.6 mill SOL tokens, worth approximately $57.6 million, on Oct. 30.<\/p>\n<p>While the unstaked assets are currently held in the staking <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/solscan.io\/account\/FLCQRP1ccyQJsW2QteykNWCMJp2U16tahBiJ3mAqRbL3\">wallet<\/a>, FTX\u2019s fund movement will increase the total SOL transferred to nearly $90 million.<\/p>\n<p>Earlier in the month, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cryptoslate.com\/companies\/ftx\">FTX<\/a> liquidators <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/ftx-liquidators-stake-150m-in-ethereum-and-solana-tokens-during-weekend\/\">staked<\/a> approximately $120 million in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cryptoslate.com\/blockchain\/solana\">Solana tokens<\/a> through Figment, an institutional staking service provider. This move is anticipated to yield up to 7% return in staking rewards and is expected to help the bankrupt firm maximize its assets.<\/p>\n<h2 class=\"s3\"><span class=\"s2\">$156M transferred<\/span><\/h2>\n<p>Nansen, while adding FTX\u2019s recently unstaked <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cryptoslate.com\/coins\/solana\">Solana<\/a> assets to the stream of transactions from the insolvent company to crypto exchanges like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cryptoslate.com\/companies\/binance\">Binance<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cryptoslate.com\/companies\/coinbase\">Coinbase<\/a>, estimated a movement of approximately $156 million worth of digital assets.<\/p>\n<p>According to Nansen\u2019s analysis, the new wave of transactions included 1,100 ETH valued at $2 million, 10.5 million USDC, and 7.6 million Render tokens worth $500,000.<\/p>\n<p>FTX also transferred 833,000 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/kyber-network-crystal-v2\/\">Kyber Network Crystal<\/a> (KNC) tokens, equivalent to $616,000, and 108 million TRUE tokens worth $420,000. Further assets included 138,000 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/band-protocol\/\">Band Protocol tokens<\/a> valued at $221,000, 2.5 million <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/the-graph\/\">The Graph<\/a> tokens equivalent to $273,000, 845 Maker tokens valued at $1.17 million, and 9.5 million REN tokens worth $500,000.<\/p>\n<p>Additionally, there were 695,000 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/perpetual-protocol\/\">Perpetual Protocol Tokens<\/a> valued at $423,000, 767,000 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/biconomy\/\">Biconomy Tokens<\/a> worth $182,000, and 23,000 Polygon tokens worth $15,000.<\/p>\n<h2>FTX claims value rise<\/h2>\n<p>Prices for FTX claims increased following <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/ftx-creditors-hope-googles-potential-2b-investment-in-anthropic-will-boost-recovery-prospects\/\">reports<\/a> of a $2 billion investment by Google in the artificial intelligence startup <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/anthropic\/\">Anthropic<\/a>.<\/p>\n<p>Ikigai hedge fund manager <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/people\/travis-kling\/\">Travis Kling<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/Travis_Kling\/status\/1717997154428445034?s=20\">posited<\/a> that the investment had driven \u201cFTX bankruptcy pretty close to a full recovery.\u201d<\/p>\n<p>In an interview with <em>CryptoSlate<\/em>, Thomas Braziel, an expert on FTX claims at 117 Partners, urged creditors to remain cautious. This was reiterated in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ThomasBraziel\/status\/1717998020682276997\">post<\/a> on X (formerly Twitter), where he highlighted that there was no valuation mentioned in the Google-Anthropic investment, adding that:<\/p>\n<blockquote>\n<p>\u201cGreat to see this news tonight but the bankruptcy still have a big road ahead of it.\u201d<\/p>\n<\/blockquote>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/claims-market.com\/\">Data<\/a> from Cherokee Acquisition shows that the claim\u2019s value has risen to between 50 and 53 cents on the dollar as of press time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain analytics firm Nansen reported that wallets connected to bankrupt FTX have moved up to $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in several transactions over the past week. Unstakes Solana In an Oct. 31 post on X (formerly Twitter), Nansen reported that FTX began unstaking 1.6 mill SOL tokens, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":184595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-184594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=184594"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184594\/revisions"}],"predecessor-version":[{"id":184597,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184594\/revisions\/184597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/184595"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=184594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=184594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=184594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}