Alameda Research has recently initiated the transfer of its $WLD tokens to centralized exchanges (CEX).
Approximately nine hours ago, the company made its first significant move by sending 205,387 $WLD tokens, valued at $352,000, to Binance. This transaction occurred after Alameda vested the tokens from Worldcoin, which were acquired a year ago.
Alameda Research started depositing their $WLD to CEX!
9 hours ago, Alameda Research moved the very first 205,387 $WLD ($352K) to #Binance, after vesting them from the #Worldcoin a year ago.
Notably, the deposit came after an N.Y. judge officially ordered FTX and Alameda… pic.twitter.com/uD21ntrS6R
— Spot On Chain (@spotonchain) August 9, 2024
The timing of this deposit is particularly noteworthy as it coincides with a recent court ruling. On August 7, a New York judge mandated that FTX and Alameda Research collectively pay $12.7 billion to their creditors.
FTX and Alameda will repay $12.7B to FTX creditors!
In a document filed on Aug 7, a US judge formally approved #FTX and #Alameda to repay $12.7B to #FTX creditors.https://t.co/R07ec2tr0U
On Aug 8, #Alameda deposited 205,380 $WLD($351K) into #Binance.#FTX and #Alameda… pic.twitter.com/iIf7qiaLAU
— Lookonchain (@lookonchain) August 9, 2024
Currently, FTX and Alameda Research possess assets worth $630 million, including:
– 266.85 million $FTT, valued at $344.24 million
– 105.47 million $BIT, valued at $113.26 million
– 24.8 million $WLD, valued at $43.64 million
– 104 million $STG, valued at $32.6 million
– 145.97 million $BOBA, valued at $29.83 million
These developments suggest that Alameda Research may be positioning itself to liquidate assets in response to the court’s order.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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