1 month ago
Alameda Research, the sister institution of the defunct FTX crypto exchange, has moved portion of its Worldcoin WLD holding for the archetypal clip since receiving it successful September 2023.
Crypto Intelligence level SpotOnchain reported that the failed crypto trading steadfast transferred 205,387 Worldcoin (WLD) tokens, valued astatine $352,000, to Binance. It stated:
“Nine hours ago, Alameda Research moved the precise archetypal 205,387 $WLD ($352K) to Binance, aft vesting them from the Worldcoin a twelvemonth ago.”
Such transfers typically bespeak bearish sentiment, suggesting holders whitethorn privation to sell. However, WLD’s worth remained unchangeable arsenic a broader crypto marketplace rally boosted its terms by astir 10% to $1.79, according to CryptoSlate’s data.
WLD is the autochthonal token of the proof-of-personhood task Worldcoin. Due to its facial information postulation practices, the crypto task has faced global scrutiny and controversy. However, it continues to people important adoption, with much than 6 cardinal radical verified crossed antithetic countries connected its platform.
FTX and Alameda Assets (Source: X/Lookonchain)Meanwhile, contempt these caller transfers, FTX and Alameda inactive clasp important integer assets. They clasp 24.8 cardinal WLD, worthy astir $45.6 million, on with 266.85 cardinal FTT ($344.24 million), 105.47 cardinal BIT ($113.26 million), 104 cardinal STG ($32.6 million), and 145.97 cardinal BOBA ($29.83 million).
FTX bankruptcy
This plus question is the latest improvement successful the ongoing FTX bankruptcy process.
On Aug. 7, US District Judge Peter Castel approved a $12.7 cardinal colony statement betwixt the CFTC and the bankrupt crypto firms FTX and Alameda.
The colony requires the firms to wage investors $8.7 cardinal successful restitution and $4 cardinal successful disgorgement. No civilian monetary penalties were imposed, truthful the full $12.7 cardinal volition spell to the exchange’s creditors.
Meanwhile, the colony occurred against FTX, informing creditors astir its reorganization plans. However, immoderate creditors person argued that the projected program undervalues their claims due to the fact that the worth of astir integer assets has substantially accrued since the firm’s bankruptcy.
The station Worldcoin jumps 10% contempt Alameda Research’s WLD token transportation to Binance appeared archetypal connected CryptoSlate.
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