FTX transfers $24 million worth of assets to Kraken and OKX!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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FTX has recently transferred assets worth $24 million to Kraken and OKX, according to updated information. The assets comprised 250,000 SOL tokens valued at $13.5 million, 8.27 million MATIC tokens worth $7.41 million, and 1,500 ETH tokens valued at $3.1 million. This comes as part of FTX’s continued movement of assets, with $438 million worth of 42 different assets already transferred to various exchanges as of November 14. Notably, FTX currently holds only 3,408 SOL tokens, amounting to $179,000 in liquidity. However, they still possess approximately 42.2 million SOL tokens worth $2.19 billion, but these tokens are locked up until they begin to unlock from next year onwards, with a majority remaining frozen until 2027 or 2028.

Source: https://coinpedia.org/crypto-live-news/ftx-transfers-24-million-worth-of-assets-to-kraken-and-okx/