FTX Estate Unstakes $16M SOL as Repayment Plan Progresses

The post FTX Estate Unstakes $16M SOL as Repayment Plan Progresses appeared first on Coinpedia Fintech News

The FTX and Alameda estate has moved 198,425 $SOL worth around $16M to a bankruptcy-controlled wallet as part of ongoing creditor repayments. The transfers are linked to the court-approved $12.7B recovery plan following the collapse of Sam Bankman-Fried’s crypto empire. So far, $7.6B has been distributed, while $5.1B remains outstanding. Despite continued movements, $SOL is still the estate’s largest holding, with 3.57M tokens valued at over $293M.