FTX restructures team to pledge $6.85 million worth of ETH, looking to actively manage funds?
The cybersecurity company Peckshield discovered that an address associated with the supposedly bankrupt exchange FTX placed a total of 4,416 ETH into the staking platform Figment (a Canadian staking platform servicing institutions). Records on the blockchain show that the address split the ETH into three transactions, sending them to the same address.
Table of Contents
The cybersecurity company Peckshield discovered that an address owned by the supposedly bankrupt exchange FTX transferred a total of 4,416 ETH to the staking platform Figment, a Canadian staking platform serving institutions. Records on the blockchain show that the address split the ETH into three transactions, all sent to the same address.
Looking at the FTX address labeled by Arkham, it confirms that this address is indeed associated with FTX, as it transferred ETH to the staking platform:
Previously, the FTX restructuring team was accused of not managing idle assets effectively and ignoring creditors' opinions. FTX's restructuring lawyer rebutted by stating that creditors were unresponsive and that investing idle cash carries risks. The act of staking ETH now may indicate a proactive approach by the FTX restructuring team towards financial management.
Related
- FTX restructuring hearing scheduled for 10/7, planning to allocate an additional $200 million to shareholders?
- Federal Reserve expected to cut interest rates, Tether quarterly earnings may decrease by 200 million yuan, how will the leading stablecoin respond?
- U.S. Department of Justice: BitMEX Admits to Violating Bank Secrecy Act, Failing to Implement KYC and AML Measures