Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.


FTX has recently transferred assets worth $24 million to Kraken and OKX, according to updated information. The assets comprised 250,000 SOL tokens valued at $13.5 million, 8.27 million MATIC tokens worth $7.41 million, and 1,500 ETH tokens valued at $3.1 million. This comes as part of FTX’s continued movement of assets, with $438 million worth of 42 different assets already transferred to various exchanges as of November 14. Notably, FTX currently holds only 3,408 SOL tokens, amounting to $179,000 in liquidity. However, they still possess approximately 42.2 million SOL tokens worth $2.19 billion, but these tokens are locked up until they begin to unlock from next year onwards, with a majority remaining frozen until 2027 or 2028.

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