FTX, which unexpectedly entered the bankruptcy process in November 2022 and officially went bankrupt in December, and Alameda, the subsidiary firm responsible for its investment activities, continue to sell cryptocurrencies.

According to information shared by blockchain security and monitoring firm Peckshield, significant transfers were made from FTX and Alameda-linked addresses to Binance and Coinbase exchanges.

Bitcoin, Solana, AAVE and WLD

According to information obtained from on-chain data, an account previously identified as belonging to Alameda had 231 Bitcoin outflows worth $14 million this morning. 200 of these BTCs were sent to the Coinbase exchange.

$1 billion Solana was removed from the stake

Again, an address used by FTX and Alameda at one time removed 177.7 thousand Solana worth $24 million from the stake. The total value of Solana taken out of stake by the two institutions exceeded a billion dollars.

The FTX/Alameda duo still holds 7 million Solana worth $945 million. Tokens are being staked.

On the other hand, another Alameda-linked address also made minor stock market transfers. From the address, $200 thousand WLD was sent to the Binance exchange and $55 thousand AAVE was sent to the Coinbase exchange.

Payments will be made in fiat currency

As it is known, the new FTX management, which received approval from the bankruptcy court for payments, will pay the aggrieved users in fiat money. Customers, on the other hand, demanded that payments be made with the coins they had at that time, not cash. However, the court rejected these demands.