After declaring bankruptcy and coming under new management, FTX and Alameda have been aggressively trying to recover funds from firms they previously sent crypto to.
The funds may have been part of a recovery effort to pay back customers of Alameda’s sister company, FTX. On March 30, OKX said it planned toapproximately $157 million it held on behalf of FTX and Alameda. The crypto exchange said it had frozen the funds in November to safeguard them. According to that same announcement, FTX filed a motion on March 30 to force OKX to release the funds to pay back creditors, which OKX said it “welcomed.
On March 23,
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