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FTX Liquidates WLD Tokens, $16.5B Customer Refund in Focus

Author: Content Editor
Blockchain analysis platform EmberCN has discovered that FTX and Alameda Research have been transferring significant amounts of WLD tokens, suggesting that they are selling off their holdings. The analysis firm revealed that FTX and Alameda Research have transferred 21.856 million WLD tokens, equivalent to $58.77 million, to five BitGo custodial wallets. It is suspected that these tokens were sold to large investors or institutions through Over The Counter (OTC) transactions. Additionally, FTX and Alameda Research have been transferring 2.809 million WLD tokens to Binance on a weekly basis since August. FTX now has only 334,000 WLD tokens worth about $800,000 remaining. While the intention behind these transfers is not clear, customers of the bankrupt exchange hope it will help them recover their funds. FTX's repayment plan, which aims to distribute $16.5 billion to affected customers, has already been approved.

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