Ethereum

Polygon

Coin

<ul class="news-points"> 
 <li>The FTX bankruptcy team staked $170 million in MATIC and ETH.</li> 
 <li>The move took the crypto community by surprise, causing a stir.</li> 
 <li>FTX likely aims to generate additional revenue amid a $3.4 billion liquidation plan.</li> 
</ul> 
In a recent development, the team overseeing the bankruptcy processes of the embattled <a href="https://coinedition.com/tag/ftx-news/">FTX exchange</a> has made a significant move in the crypto staking arena, causing a stir in the crypto community. 
Specifically, the prominent crypto-focused Chinese reporter Colin Wu disclosed that the FTX bankruptcy team staked nearly $10 million in a staking pool with a yield of 4.6%. According to Wu, the FTX team committed Polygon (MATIC) tokens worth $9.5 million to staking. Interestingly, Wu noted that the same FTX address also stated 24,000 Ethereum tokens, equivalent to approximately $37.45 million. Therefore, the cumulative of the staked cryptocurrency from the FTX-controlled wallet is $170 million. 
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 The address controlled by the FTX bankruptcy team has recently staked MATIC worth about US$9.5 million, with a yield of 4.6%; 24k ETH (US$37.45 million) has been staked, and a total of over US$170 million in cryptocurrency has been staked.<a href="https://t.co/OvLQ6aMg7k" target="_blank" rel="nofollow">https://t.co/OvLQ6aMg7k</a>�…
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The post <a rel="nofollow" href="https://coinedition.com/ftx-moves-to-generate-more-revenues-by-staking-170m-in-matic-eth/">FTX Moves to Generate More Revenues by Staking $170M in MATIC, ETH</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

FTX Moves to Generate More Revenues by Staking $170M in MATIC, ETH

Coin Edition

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