FTX Sister Company Moves Millions in SOL Tokens to Creditor Wallets

Alameda Research, the sister company of the now defunct crypto exchange, FTX, has unstaked and moved about $16 million worth of Solana’s SOL tokens in a transaction that could be linked to ongoing creditor repayments tied to the collapse of FTX, according to blockchain data.

The transfer, flagged by analytics firm, Arkham, involved roughly 198,000 SOL and was sent to a wallet previously associated with creditor distribution efforts.

The move follows a similar transaction about a month earlier suggesting a pattern of periodic asset releases as part of the bankruptcy process.

While there has been no official confirmation that the latest funds will be immediately distributed, past behavior indicates such transfers are typically tied to reimbursing creditors.

Alameda, the trading arm of the now-defunct FTX exchange, still holds millions of SOL tokens worth hundreds of millions of dollars, meaning further transfers could follow as the estate continues unwinding positions and returning funds to creditors.

In a July 2 2025 filing, the FTX Recovery Trust asked the Delaware bankruptcy court for legal authority to freeze distributions to creditors residing in 49 jurisdictions. As reported by BitKE, the motion had originally been filed in early July 2025, asking the court to approve measures to freeze payouts to creditors in 49 countries, including:

• China
• Egypt
• Nigeria
• Saudi Arabia
• Russia, and
• Zimbabwe

citing “unclear, inconsistent or restrictive crypto laws” in those jurisdictions.

The bankruptcy estate of the now-defunct crypto exchange, FTX, would later withdraw its motion to impose limits on payouts to creditors in selected “restricted foreign jurisdictions.”

Stay tuned to BitKE for deeper insights into the evolving global crypto regulatory space.

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