OKX's transfer of funds to investment fund Alameda Research is believed to be part of a recovery effort to pay creditors of the bankrupt exchange FTX.
OKX exchange sends $60 million in crypto to Alameda Research
According to data from crypto analytics platform Arkham Intelligence, on May 9, OKX sent approximately $60 million worth of digital assets to FTX-backed hedge fund wallets. is Alameda Research.
The above funds are allocated to 16 separate transactions and include approximately 337.9 million Mask Network (MASK) tokens worth $1.3 million and $57.77 million USDT stablecoin. According to Arkham Intelligence, Alameda Research currently holds over $284 million worth of assets in its crypto wallet. The fund's largest holdings are USDT, BitDAO (BIT), Ether and Stargate Finance (STG).
OKX exchange sends $60 million in crypto to Alameda Research
According to data from crypto analytics platform Arkham Intelligence, on May 9, OKX sent approximately $60 million worth of digital assets to FTX-backed hedge fund wallets. is Alameda Research.
The above funds are allocated to 16 separate transactions and include approximately 337.9 million Mask Network (MASK) tokens worth $1.3 million and $57.77 million USDT stablecoin. According to Arkham Intelligence, Alameda Research currently holds over $284 million worth of assets in its crypto wallet. The fund's largest holdings are USDT, BitDAO (BIT), Ether and Stargate Finance (STG).