Share this article
FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet
The estate now holds 33,125 ARB tokens worth around $42,000.
Updated Apr 9, 2024, 11:35 p.m. Published Mar 27, 2023, 10:55 a.m.
A digital wallet controlled by the FTX bankruptcy estate has received several tranches of the airdrop from wallets linked to Alameda Research, on-chain data shows.
According to Arbiscan, a block explorer for layer 2 blockchain Arbitrum, the wallet now holds 33,125 ARB tokens worth around $42,000 at press time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The wallet also holds $10 million worth of USD coin (USDC), almost $3 million of wrapped BTC (WBTC) and $4 million of ether (ETH), all of which have been consolidated from the same Alameda-linked wallets since Nov. 13, two days after FTX filed for bankruptcy. Alameda is a trading firm that was affiliated with FTX and that also filed for bankruptcy.
All held tokens are on the Arbitrum blockchain, a network Alameda has been active on since 2021 by providing liquidity to protocols like Sushi and Stargate Finance.
After airdropping its early users with 1.275 billion tokens, Arbitrum has a market capitalization of $1.6 billion as the token trades at $1.27, according to CoinMarketCap.
The FTX bankruptcy estate has been attempting to consolidate various tokens and investments in the past few weeks. It filed a motion on Wednesday that will see it recover $460 million, including $404 million in cash, from little-known Bahamian hedge fund Modulo Capital.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Sky's Keel Starts $500M Investment Campaign to Boost RWAs on Solana
The Tokenization Regatta aims to allocate funds and support to projects bringing tokenized real-world assets to the Solana network.
What to know:
- Keel has launched a $500 million campaign to attract real-world assets (RWAs) to the Solana network.
- The initiative, called the Tokenization Regatta, offers capital allocation and support to selected projects issuing tokenized assets on Solana.
- More than 40 institutions have shown interest, Keel contributor Cian Breathnach said.
Top Stories
