FTX and Alameda have recently transferred $10.8 million worth of eight different cryptocurrency assets to the Wintermute, Binance and Coinbase exchanges. The assets included 10 million StepN, 407,000 Uniswap, 2.23 million Synapse, 8.76 million Fantom, 77.77b Shiba Inu as well as small amounts of Arbitrum and Optimism. This is the latest in a recent series of large transfers, amounting to over $550 million in total since October 2023, including a $24 million transfer to Kraken and OKX crypto exchanges. The US court has authorized the exchanges to start selling assets worth up to $100 million per week in order to settle creditor claims. The limit of asset sale can be increased up to $200 million on a one-time or ongoing basis with the approval of a special committee. This news follows on from FTX approval to sell assets worth $873 million for creditor repayment.



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