2024

Kevin

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<ul class="wp-block-list news-points">
 <li>PeckShield flagged a $6.27M USDT transfer from OKX to an FTX/Alameda wallet.</li>
 <li>FTX’s $12.7B creditor settlement includes $8.7B restitution and $4B disgorgement.</li>
 <li>Repayment in cryptocurrency faces potential SEC opposition over stablecoins.</li>
</ul>
Blockchain security firm PeckShield observed transfers from cryptocurrency exchange OKX to wallets linked to the bankrupt FTX exchange. Early Friday morning, an Alameda/FTX-labeled address received 6.275 million USDT from OKX. The reason behind this transfer remains unclear, but it could indicate the start of FTX creditor repayments.
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 <a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Alameda</a>/<a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FTX</a>-labeled address has received 6.275M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> from <a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#OKX</a> <a href="https://t.co/vAaYSREuWv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/vAaYSREuWv</a>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1831953114922152259?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 6, 2024</a>
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In July, FTX reached a $12.7 billion creditor settlement with the Commodity Futures Trading Commission (CFTC), pending court approval. This marked an end to a 19-month legal battle between the CFTC and the exchange. A few weeks later, New York Judge P. Kevin Castel approved a consent order requiring <a href="https://coinedition.com/ftx-settles-cftc-lawsuit-agrees-to-12-7-billion-payout/" rel="noopener noreferrer nofollow">FTX to pay defrauded investors</a> $12.7 billion in restitution.
Read also: <a href="https://coinedition.com/ftx-reorganization-plan-wins-95-creditor-approval/" rel="noopener noreferrer nofollow">FTX Reorganization Plan Wins 95% Creditor Approval</a>
The se…
The post <a href="https://coinedition.com/okx-transfers-6-275m-usdt-to-ftx-alameda-creditor-repayments-begin/" rel="noopener noreferrer nofollow">OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?

Coin Edition

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