Crypto Exchange OKX Invests $57M in Alameda Research

Crypto Exchange OKX Invests $57M in Alameda Research

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Alameda Research's trading unit, which has ties to the now-bankrupt crypto exchange FTX, saw its associated crypto wallets receive a substantial sum of tokens from the OKX exchange today, amounting to millions of dollars in value.

According to data provided by the on-chain analytics tool Arkham Intelligence, Alameda Research received a transfer of slightly over $57 million worth of tether (USDT) and $300,000 worth of mask (MASK) tokens from OKX earlier on Tuesday.

 

 

The recipient wallets are under the complete control of the FTX Bankruptcy Estate, which was established in response to the downfall of FTX and Alameda Research last year in order to assist the creditors of both entities.

Source Coindesk