FTX and Alameda Research have transferred $10.3 million worth of Solana (SOL) to 30 blockchain addresses in the latest phase of their court-approved bankruptcy liquidation. This transaction continues a sustained asset disposal program initiated in November 2023.
Bankruptcy estate records reveal over 8.4 million SOL (equivalent to $1.09 billion) has been liquidated via multiple transactions in the past 20 months. Major exchanges including Binance and Coinbase have routinely facilitated these sales.
The estate retains approximately 5.29 million SOL tokens ($775 million valuation) within its holdings. The majority of these assets remain locked in staking contracts, limiting immediate market access.
Creditor repayments have progressed through two major phases: $1.8 billion distributed in February followed by $5 billion disbursed in May. The estate has partnered with Payoneer to streamline fund distribution logistics. Regulatory restrictions continue to delay repayments to creditors in Russia, China, Egypt, and Nigeria.