On-chain data shows that addresses marked as FTX bankruptcy estate have recently staked more than 5.5 million <a target="_blank" href="https://tokeninsight.com/en/coins/solana/overview">$SOL</a> (worth $122 million at current price) and more than 24,000 <a target="_blank" href="https://tokeninsight.com/en/coins/ethereum/overview">$ETH</a> (worth $30 million at current price).
As reported by CoinDesk, at the current staking APYs, the staked $SOL will generate more than $8 million in $SOL per year, while the staked $ETH will earn FTX $1 million in $ETH.
Last month, the US Bankruptcy Court approved a motion filed by FTX, allowing the exchange to sell, stake, and hedge its crypto holdings to pay back its creditors. At the time, FTX held a diverse portfolio of crypto assets valued at $3.4 billion, including $1.16 billion in $SOL, $560 million in $BTC, $192 million in $ETH, and $119 million in $XRP.
Related: <a target="_blank" href="https://tokeninsight.com/en/news/us-court-allows-ftx-to-sell-its-crypto-holdings">US Court Allows FTX to Sell Its Crypto Holdings</a>
To learn more about FTX's reorganization, please read: <a target="_blank" href="https://tokeninsight.com/en/news/topic/ftx-2.0">FTX 2.0</a>
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FTX's Addresses Staked 5.5M $SOL and 24K $ETH, Expected to Earn $9M per Year

TokenInsight

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