In the context of the recent bankruptcy of the prominent cryptocurrency exchange house, FTX, digital asset transfer operations have been carried out amounting to a total of $316 million.
Today, FTX has made transfers totaling approximately $39.7 million in digital assets. These transfers included a variety of cryptocurrencies, with Solana (SOL) leading the way with 750,000 SOL, equivalent to $32 million.
In total, FTX has transferred assets with a cumulative value of around $316 million.
These operations, which include the transfer of Solana (SOL) and Ethereum (ETH) tokens, are being carried out as part of the procedures related to the platform’s insolvency.
It is relevant to highlight that a large part of these transfers have focused on Solana, with an impressive figure of $187 million in SOL tokens.
UPDATE:#FTX transferred ~$39.7M assets today, including:
750K $SOL($32M)
325,301 $ENS($2.76M)
10.1M $GMT($2.2M)
642,702 $LDO($1.26M)
288,212 $APE($410K)
127,418 $BADGER($365K)
555,342 $BNT($323K)
52 $PAXG($100K)As of Nov 8, #FTX has transferred ~$316M assets.… pic.twitter.com/XeSAseMBR0
— Lookonchain (@lookonchain) November 8, 2023
Despite these considerable transfers, SOL price has maintained its robustness and has remained above $40, even experiencing a 2,2% increase in the last 24 hours, reaching $42,9.
This sustained growth has become a hallmark of SOL throughout the year, increasing by more than 330% since the beginning of the year and reaching an annual high of $46.
SOL has the Most Valuable Asset on FTX ‘s Balance Sheet
Solana (SOL) is positioned as the most prominent asset on FTX’s balance sheets, with an estimated value of more than $1 billion.
In addition to SOL transfers, FTX has also executed considerable moves of other digital assets, such as Ethereum (ETH), Polygon (MATIC), Lido (LDO), Maker, Sushi, and Aave, among others.
These transfers are intended to compensate FTX clients and investors who suffered losses during the crypto market crash last year.
To address its financial situation, FTX has sold entrusted assets worth $744 million that were held by Grayscale and Bitwise.
