FTX and Alameda Research Liquidate Over $97M Worth of Crypto in April
FTX Derivatives Exchange and Alameda Research have sold over $97 million worth of cryptocurrency in April in order to ensure that FTX Estate has enough funds to launch its debt repayment plan. FTX's crypto holdings include a significant percentage of Solana, with $33.85 million worth of BOBA and $11.22 million in ETH still remaining. Alameda Research holds a significant position in WLD, BIT, BTC, and STG, suggesting that both companies may divest their stake in the near future. FTX's potential recovery plan includes a 118% payout for a large number of creditors, with smaller creditors being a priority and a "convenience class" created for those with claims of $50,000 or below.
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