FTX Bankruptcy Estate Moves $20M in Crypto Assets, Including Solana and Altcoins, While Ex-CEO Testifies
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The estate of bankrupt crypto exchange FTX and trading firm Alameda moved nearly $20M in crypto assets over the weekend.
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The assets moved included large amounts of Solana (SOL) and other altcoins like Band Protocol (BAND) and Perpetual Protocol (PERP).
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Blockchain tracking firm Lookonchain is monitoring all crypto transfers out of FTX's bankruptcy estate.
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Ex-FTX CEO Sam Bankman-Fried began testifying last week after damning testimony from Caroline Ellison.
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Ellison said she committed crimes at Bankman-Fried's direction, including diverting customer funds to Alameda.