FTX Bankruptcy: OKX, Okcoin Will Return $165M in Frozen Assets By DailyCoin
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FTX Bankruptcy: OKX, Okcoin Will Return $165M in Frozen Assets
- OKX will return $157 million in frozen assets related to Alameda and FTX.
- Affiliated exchange Okcoin will return $8.2 million in frozen assets.
- The FTX debtors filed a motion seeking court approval to transfer the assets.
As the FTX bankruptcy unfolds, thereâs at least some good news for depositors. A major exchange and its affiliate are working to return FTXâs frozen millions, so they can ultimately find their way to creditors and depositors.
OKX is cooperating with FTX and Alameda bankruptcy estates to return $157 million in frozen assets, the exchange said on Wednesday. Its affiliated exchange Okcoin also released a statement saying it will return $8.2 million.
The announcements come after FTX debtors filed a motion in the U.S. bankruptcy proceedings. The motion asked for approval for…
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FTX Bankruptcy: OKX, Okcoin Will Return $165M in Frozen Assets
- OKX will return $157 million in frozen assets related to Alameda and FTX.
- Affiliated exchange Okcoin will return $8.2 million in frozen assets.
- The FTX debtors filed a motion seeking court approval to transfer the assets.
As the FTX bankruptcy unfolds, thereâs at least some good news for depositors. A major exchange and its affiliate are working to return FTXâs frozen millions, so they can ultimately find their way to creditors and depositors.
OKX is cooperating with FTX and Alameda bankruptcy estates to return $157 million in frozen assets, the exchange said on Wednesday. Its affiliated exchange Okcoin also released a statement saying it will return $8.2 million.
The announcements come after FTX debtors filed a motion in the U.S. bankruptcy proceedings. The motion asked for approval for…
Continue Reading on DailyCoin
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