Alameda Research Has Deposited 698,312 WLD To Binance Since August 9 To Repay Creditors

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 28, 2024 8:52

Spotonchain in the latest tweet has highlighted that Alameda Research still consistently deposits WLD to CEX. Since August 9, they have deposited 698,312 $WLD worth $1.13 Million in 4 small batches to Binance at $1.622, likely to repay creditors. Currently, their top holdings are 98.86M BIT worth $78.8M and 24.3M WLD worth $36.2M. While WLD unloading has begun, BIT (now $MNT) sales may start in November. On August 9th, Alameda Research had moved the very first 205,387 WLD to Binance. This followed an N.Y. judge order for FTX and Alameda Research to pay $12.7 billion to creditors.