On-chain data shows that addresses marked as FTX bankruptcy estate have recently staked more than 5.5 million $SOL (worth $122 million at current price) and more than 24,000 $ETH (worth $30 million at current price).
As reported by CoinDesk, at the current staking APYs, the staked $SOL will generate more than $8 million in $SOL per year, while the staked $ETH will earn FTX $1 million in $ETH.
Last month, the US Bankruptcy Court approved a motion filed by FTX, allowing the exchange to sell, stake, and hedge its crypto holdings to pay back its creditors. At the time, FTX held a diverse portfolio of crypto assets valued at $3.4 billion, including $1.16 billion in $SOL, $560 million in $BTC, $192 million in $ETH, and $119 million in $XRP.
Related: US Court Allows FTX to Sell Its Crypto Holdings
To learn more about FTX's reorganization, please read: FTX 2.0
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