FTX and Alameda Hold $630 Million in Crypto Assets; $12.7 Billion Settlement Agreement Impacts Future Processing
Publication Time:2024-08-09 14:36:07
Industry analysis platform Lookonchain revealed that global prominent cryptocurrency trading platform FTX and its affiliated company Alameda Research currently collectively hold around $630 million in crypto assets. Specifically, they possess 266,850,000 $FTT (approximately $344.24 million), 105,470,000 $BIT (around $113.26 million), 24,800,000 $WLD (around $43.64 million), 104,000,000 $STG (around $32.60 million), and 145,970,000 $BOBA (around $29.83 million). This number reflects the vast asset size of the two companies within the cryptocurrency field. Notably, before this, a court in New York officially approved the $12.7 billion settlement agreement between FTX, Alameda Research, and the U.S. Commodity Futures Trading Commission (CFTC). Under the terms of this agreement, these assets might be subjected to processing during future bankruptcy proceedings. Market participants are closely watching how these assets will be distributed or disposed of, as well as the potential effects on the entire cryptocurrency market.
FTX
Alameda Research
settlement agreement
Crypto Assets
Bankruptcy Liquidation