{"id":10591,"date":"2025-09-12T15:33:24","date_gmt":"2025-09-12T15:33:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ftx-estate-pulls-another-43m-from-solana-staking-topping-1-2b-in-exits\/"},"modified":"2025-09-12T15:33:29","modified_gmt":"2025-09-12T15:33:29","slug":"ftx-estate-pulls-another-43m-from-solana-staking-topping-1-2b-in-exits","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ftx-estate-pulls-another-43m-from-solana-staking-topping-1-2b-in-exits\/","title":{"rendered":"FTX estate pulls another $43m from Solana staking, topping $1.2b in exits"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">FTX estate redeemed 192,000 SOL this week, worth $43 million. Since November, FTX and Alameda have unwound nearly $1.2 billion in Solana, steadily moving funds through exchanges.<\/p>\n<div id=\"cn-block-summary-block_9ac6465240740c43be0756f8318e0aa6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>FTX estate redeemed 192,000 SOL this week, valued at $43 million.<\/li>\n<li>Since November 2023, nearly $1.2 billion in Solana has been liquidated.<\/li>\n<li>Over 4.18 million SOL remains staked, worth around $960 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to on-chain data flagged by <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/EmberCN\/status\/1966301625016004833\">EmberCN<\/a>, the FTX and Alameda estate redeemed 192,000 SOL this week, valued at roughly $43 million. The withdrawal follows the estate\u2019s established monthly pattern, in which staking positions are systematically unlocked and funneled through multiple addresses, often moving toward major exchanges such as Coinbase and Binance.<\/p>\n<p>Since November 2023, the estate has liquidated nearly 8.98 million SOL, worth about $1.2 billion at an average price of $134 per token. Even with billions already moved, the estate still holds more than 4.18 million SOL staked, valued at close to $960 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Funding repayments and facing appeals<\/strong><\/h2>\n<p>FTX\u2019s systematic liquidation is the financial engine behind one of the largest bankruptcy repayments in crypto history, with proceeds from these sales, including this latest $43 million, pooled to reimburse the creditors and customers left stranded after the exchange\u2019s catastrophic collapse.<\/p>\n<p>Notably, the estate is preparing for its next distribution round, scheduled for September 30. To date, FTX has returned approximately $6.2 billion to former customers through two prior waves, including a $5 billion distribution in May.<\/p>\n<p>This ongoing effort to make creditors whole continues as Sam Bankman-Fried pursues an appeal. Following a trial that unearthed one of the largest financial frauds in American history, Bankman-Fried was convicted on seven federal charges, including wire fraud and conspiracy to commit money laundering. His legal team has since filed an appeal, contesting the conviction and the 25-year sentence handed down by the court.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FTX estate redeemed 192,000 SOL this week, worth $43 million. Since November, FTX and Alameda have unwound nearly $1.2 billion in Solana, steadily moving funds through exchanges. Summary FTX estate&hellip;<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10591"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10591\/revisions"}],"predecessor-version":[{"id":10592,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10591\/revisions\/10592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}