FTXAlameda address has received massive sum in $ETH, $USDT, $USDC from a major crypto player, per PeckShieldAlert. FTX SBF
earlier, the current chief executive of bankrupt FTX crypto trader John Ray III and the team of liquidators, is planning to sell altcoins that have been recovered by them recently in order to reimburse multiple creditors of the exchange.
The sale of these altcoins is likely to bring the liquidators around $4.6 billion in fiat. Prior to that, they managed to locate a total of $5 billion in liquid assets belonging to the platform. However, this is not enough to pay debts to all creditors. Therefore, the new FTX CEO now seeks permission to sell four of the company's subsidiaries, including FTX Europe and Embed Technologies.
Before the collapse, FTX declared the total number of creditors as 100,000. However, it may end up a lot more, coming close to one million of them. Such a massive sell-off, though, could lead to a bearish wave on the market, making prices fall hard.
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