FTX & Alameda are unstaking $SOL ... According to Onchain Lens, FTX/Alameda has transferred some 202,710 @Solana tokens from its staking wallet. The funds are worth some $20.62M - Could this be the start of a Solana dumping spree from the failed exchange?!

FTX pays out again on July 31 About $900M in the fifth distribution. Dotcom customers take an incremental 9%, US customers 5%, general unsecured and digital asset loan claims 3% each. Convenience claims reach 120% cumulatively. Dotcom and US customers now cross 105% cumulative. More than whole, on paper. Paper is the catch. Claims are struck in November 2022 dollars, when bitcoin:native sat near $16,000. It's around $64K today.

ALAMEDA/FTX UNSTAKES $20.62M SOL Alameda Research / FTX unstaked and moved 202.71K $SOL (~$20.62M) to its staked bankruptcy wallet. Address: H4yiPhdSsmSMJTznXzmZvdqWuhxDRzzkoQMEWXZ6agFZ

Before FTX collapsed, SBF built a venture portfolio packed with winners—from AI to fintech. Today, those bets could be worth over $100 billion. Instead, investors—not him—will cash in. (Photo: Michael M. Santiago/Getty Images)

Bitget CEO: After FTX, I Don’t Think Major Exchanges Would Comingle User Funds On September 24, Bitget CEO Gracy Chen @GracyBitget said the collapse of FTX was a hard lesson for the entire industry, and that she does not believe major exchanges today would intentionally comingle customer funds. The exchange has a publicly verifiable protection fund of about $460 million, as well as more than $1 billion in Bitget-owned assets, separate from customer funds. She said user assets are backed 1:1 and can be checked through proof-of-reserves and Merkle Tree data.

Shortly after FTX collapsed in 2022, former CFTC Chairman Behnam (@CFTCbehnam) made the case for comprehensive market structure legislation: “I was very strongly advocating, and continue to, for more authority. But there’s literally no legal authority for me…” Today, the Senate has the opportunity to finally provide that authority. 👇

LATEST: ⚡ FTX plans to distribute roughly $900M to creditors in its fifth payout round, with eligible recipients set to receive funds within three business days starting July 31.