Crypto wallets tied to Alameda Research, the trading unit tied to bankrupt crypto exchange FTX, today received millions of dollars worth of tokens from crypto exchange OKX.
Data from the on-chain analytics tool Arkham Intelligence show Alameda received just over $57 million of tether (USDT), and $300,000 in mask (MASK) tokens from OKX earlier Tuesday.
The receiving wallets are wholly controlled by the FTX Bankruptcy Estate, created in the wake of FTX and Alameda’s collapse last year to help creditors of the two companies.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.