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Alameda prepares to allocate tokens to creditors of the collapsed cryptocurrency exchange FTX., 2026/04/13 14:49:25
The hedge fund Alameda Research has withdrawn Solana tokens valued at approximately $16 million from staking and transferred them to an address designated for creditor payments related to the collapsed cryptocurrency exchange FTX, which went bankrupt in 2022. This transaction was tracked by analysts from the Arkham platform.
There has been no official confirmation regarding Alameda’s intention to distribute this tranche among the creditors of its parent company, FTX. However, this recent transaction mirrors one executed by Alameda at the end of February, when the firm sent $15.6 million in the same cryptocurrency to the same distribution address. Subsequently, the funds were allocated to 25 cryptocurrency wallets as part of the FTX bankruptcy process — payments are being made from these wallets to individuals who have filed claims as creditors.
According to Arkham, Alameda still holds approximately 3.5 million SOL tokens worth $294.1 million.
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Alameda Research was established by Sam Bankman-Fried in 2017 as a trading firm focused on arbitrage operations involving digital assets — capitalizing on price discrepancies across various exchanges and markets. The cryptocurrency exchange FTX was among the largest crypto platforms globally. In November 2022, the exchange collapsed, and investigations revealed that Alameda Research had actively utilized client funds for its operations. This resulted in a multi-billion dollar asset shortfall and triggered a liquidity crisis for FTX.
In November 2023, Bankman-Fried was found guilty on seven counts of fraud and conspiracy. Prosecutors demonstrated that the entrepreneur diverted client funds to cover company losses, financed personal expenses, and supported risky operations at Alameda. Clients of FTX lost around $8 billion, investors faced losses of $1.7 billion, and creditors of Alameda Research lost $1.3 billion. Bankman-Fried received a 25-year prison sentence.
In September 2024, former Alameda Research CEO Caroline Ellison was sentenced to two years in prison after being found guilty of complicity in the FTX fraud. In January, Ellison was released on parole.
At the end of October, Bankman-Fried claimed that FTX “was never bankrupt,” asserting that the bankruptcy filing was a sham submitted by lawyers from Sullivan & Cromwell “merely to seize control of the assets.” The former head of FTX is currently seeking a review of the case.
