![\"image-592\"](\"https:\/\/u1f987.com\/wp-content\/uploads\/image-592.webp\")
\n\u201cOver $1.5 billion in SOL, SPL-tokens and \u201cwrapped\u201d bitcoins on the FTX address in Solana are moving. It looks like they are preparing for potential sell-offs. Keep an eye on this, especially the ~$200 million in bitcoins on Solana,\u201d<\/em> \u2014 according to Pump House.<\/p>\n<\/blockquote>\n
According to Arkham Intelligence<\/a>, as of August 31 the wallet transferred about $6.23 million in ETH and more than $5 million in FTT (about $1.2 million), UNI (about $1.8 million), HXRO (about $1.3 million), SUSHI (about $550 000) and FRONT (about $260 000).<\/p>\n
On 24 August FTX informed<\/a> the court of plans for staking<\/a> and hedging its cryptocurrencies worth $3 billion \u2014 for this the exchange will hire Galaxy Digital Mike Novogratz.<\/p>\n
Under the plan, the platform would be allowed to sell tokens totalling no more than $100 million per week, though the limit could be doubled for each individual asset. The restrictions are designed to curtail the impact of the transactions.<\/p>\n
Lawyers for the exchange also filed a separate motion to liquidate Bitcoin and Ethereum.<\/p>\n
The court will hear the motions on 13 September.<\/p>\n
On 31 July FTX to relaunch the offshore exchange<\/a> with access for users outside the United States. Later, the creditors’ committee criticised<\/a> the leadership’s idea.<\/p>\n
Earlier in June, the platform’s current management team said that it had returned liquid assets worth about $7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
A transfer from the FTX-linked wallet of assets totaling about $10.2 million sparked concerns about a wave of depletion of its holdings in the bankruptcy proceedings.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1236,1145],"class_list":["post-83931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-ftx","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83931"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83931\/revisions"}],"predecessor-version":[{"id":83932,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83931\/revisions\/83932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}