OKX sends $57M worth of USDT and MASK tokens to Alameda Research

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Photo Source: OKX (Youtube)

Crypto exchange OKX transferred over $57M worth of assets to FTX’s sister firm, Alameda Research.

Earlier in March, a court filing submitted by FTX claimed that OKX held $157M worth of funds that belonged to Alameda clients. Soon, OKX agreed to send the funds to certain wallets designated by the bankrupt firms’ debtors.

According to the statistics provided by Arkham Intelligence, crypto wallets controlled by the FTX-Alameda bankruptcy estate received $57.77M in Tether (USDT) and $1.3M in Mask Network (MASK) tokens. 

As of writing, Alameda’s wallet holds $285M worth of crypto assets, with Tether, BitDAO (BIT), USD Coin (USDC) Ethereum (ETH), and Polygon (MATIC) tokens comprising the majority of these funds. 



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Meanwhile, FTX’s new management has recovered over $7B in crypto since November 2022, when the FTX Group filed for Chapter 11 bankruptcy. Currently, the firm’s lawyers are engaged in clawing back $4B from Genesis and its subsidiaries.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Crypto exchange OKX transferred over $57M worth of assets to FTX’s sister firm, Alameda Research.

Earlier in March, a court filing submitted by FTX claimed that OKX held $157M worth of funds that belonged to Alameda clients. Soon, OKX agreed to send the funds to certain wallets designated by the bankrupt firms’ debtors.

According to the statistics provided by Arkham Intelligence, crypto wallets controlled by the FTX-Alameda bankruptcy estate received $57.77M in Tether (USDT) and $1.3M in Mask Network (MASK) tokens. 

As of writing, Alameda’s wallet holds $285M worth of crypto assets, with Tether, BitDAO (BIT), USD Coin (USDC) Ethereum (ETH), and Polygon (MATIC) tokens comprising the majority of these funds. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Meanwhile, FTX’s new management has recovered over $7B in crypto since November 2022, when the FTX Group filed for Chapter 11 bankruptcy. Currently, the firm’s lawyers are engaged in clawing back $4B from Genesis and its subsidiaries.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande