#Giveaway  on last slide

$300m Of FTX Debtors Transferred Without Authorization

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TRENDING GLOBALLY

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FTX debtors released information on their cryptocurrency that is under the control of the Bahamas Commission.

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Digital assets belonging to FTX debtors that were worth less than 200 million FTT were transferred without approval, as also approximately 1,938 ether.

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According to data from the blockchain, the cryptocurrency is kept in a single wallet on Fireblocks.

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The Bahamas Commission instructed Sam Bankman-Fried to transfer the money to this wallet on the 12th of November.

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The Commission admitted to having arranged these transfers.

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At the moment of the transfer, it was estimated that the cryptocurrency in the Fireblocks wallet was under $300 million at prices at the market.

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The value had dropped to $167 million by December 30.

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A large quantity of FTT isn't likely to be offered at spot prices, if it is sold at all.

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