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FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet

A wallet controlled by the FTX bankruptcy estate has received several tranches of the Arbitrum (ARB) 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.

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.

All held tokens are on the Arbitrum blockchain, a network on which Alameda has been active since 2021 by providing liquidity to protocols like Sushi and Stargate Finance.

(By Oliver Knight)

FTX Alameda Research
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