FTX's cold wallets, which are linked to the bankrupt crypto exchange, have transferred over $19 million worth of cryptocurrency to various exchanges. Blockchain data shows that around 470,000 SOL tokens, valued at approximately $15.5 million, were moved to different wallets, some of which belong to exchanges like Binance. Additionally, an Ethereum wallet associated with FTX transferred $2.5 million worth of different ERC-20 tokens to a Binance deposit address, including 11,000 Compound tokens and around 974,000 Render tokens. Another transaction involved the transfer of 1,395 ETH, equivalent to $2.5 million, to a Coinbase address. This is not the first time the debtor group managing the FTX wallets has made such transactions. In October, FTX staked over $122 million in SOL using Figment. The FTX bankruptcy estate has a vesting schedule that allows them to sell a significant amount of SOL on a monthly basis. The estate is managed by a trustee responsible for overseeing asset recovery and distribution to creditors.
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