Bankrupt Alameda Research Receives over $57 million Payment in crypto from OKX

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Bankrupt Alameda Research Receives over $57 million Payment in crypto from OKX

Last updated on June 26th, 2023 at 07:50 am

Alameda receives OKX crypto payment – Seychelles-based crypto exchange OKX earlier today transferred crypto worth over $57M to bankrupt Alameda Research’s wallet.

A total of 16 transactions were made to the wallet. The payment includes more than $$57.77 million USD in USDT and $1.30 million worth of $MASK. All transactions were carried out in the space of 5 hours.

Recall that in March, OKX agreed to return $157 million to Alameda. According to OKX, the funds were seized at the time after the collapse of FTX in November 2022.

OKX had assured that it would corporate with law enforcement to give back any funds tied to the bankrupt firm. Furthermore, over the past week, unknown wallets have made transfers of over 5 billion GPEPE coins and more than 1 million STG tokens to Alameda’s wallet.

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Alameda’s largest crypto holdings

According to Arkham Intelligence – a blockchain activity tracking platform, Alameda wallet has its largest crypto holding of $61.40 million USDT. Also, other significant holdings of the bankrupt platform include $48.61 million worth of BitDAO (BIT) tokens, and 19,292 Ethereum (ETH) worth $26.5 million.


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What’s more, $12.35 million worth of USDC stablecoin, $18.43 million worth of Stargate (STG) tokens, and Polygon tokens worth $14.63 million. Other altcoins included in its holding are Lido (LDO), FTX Token (FTT), Serum (SRM), etc. See the full list here. Alameda’s total crypto asset holding is worth $285.86 million.

Meanwhile, fellow bankrupt firm FTX has continued its effort to recover its assets. In that vein, it has moved to get back $3.9 billion from Genesis. Also, in April it reached an agreement with its debtors to sell LedgerX to a potential buyer for $50 million.

Regardless of this, there have been wide speculations that the bankrupt FTX firm will be resuming operations. In a recent court filing, it confirmed the plans to restart its Japanese exchange company.

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.