Okcoin to Cooperate with FTX Debtors to Return USD8.2 Million in Frozen Alameda Assets
SAN FRANCISCO, March 29, 2023 (GLOBE NEWSWIRE) — Okcoin, one of the fastest-growing cryptocurrency platforms based in the US, announced today that it is cooperating with the FTX and Alameda bankruptcy estates to return USD8.2 million in frozen assets related to Alameda Research. The FTX debtors filed a motion in the U.S. bankruptcy proceedings seeking court approval for Okcoin to transfer the assets, and a decision from the bankruptcy court is expected in the coming weeks.
The assets were proactively identified in corporate accounts and immediately frozen by Okcoin in the aftermath of the FTX collapse. Okcoin hopes that this cooperation plays a small role in making sure those who lost funds in the FTX collapse are made whole.
About Okcoin
Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase 50+ digital assets using local currencies, with a mission to make crypto easy for everyone including first-time buyers. In addition, Okcoin offers institutional trading tools and APIs to asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @Okcoin and visit okcoin.com for more information.
CONTACT: Media contact press@okcoin.com
More Stories
Gate.io Introduces Quant Fund – A New Era of Wealth Management for Digital Assets
Panama, April 19, 2024 (GLOBE NEWSWIRE) -- Gate.io is excited to announce the official launch of its Wealth Management flagship...
Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions
Singapore, April 19, 2024 (GLOBE NEWSWIRE) -- Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL),...
WOO X Research revises BTC price prediction and Q2 industry outlook, one day before BTC Halving
The comprehensive quarter report from WOO X’s internal research team includes post-BTC halving scenarios into AI, Memecoins, Staking, and BTC-layer2...
Coinbase Announces Date of First Quarter 2024 Financial Results
REMOTE FIRST COMPANY // MIAMI--(BUSINESS WIRE)--Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its first...
StakingFarm Aiming to Lead as Global Adoption of Crypto Staking Surge
London, England, April 18, 2024 (GLOBE NEWSWIRE) -- As the global adoption of cryptocurrencies continues to expand at an unprecedented...
Alpha Transform Holdings Releases March Report on ASC AI Index
Tampa, FL, April 18, 2024 (GLOBE NEWSWIRE) -- Alpha Transform Holdings (ATH), a digital asset investment and advisory organization, released the...