Cryptocurrency exchange OKX has announced its decision to hand over approximately $157 million in frozen assets related to FTX and Alameda Research to the debtors. This move comes in response to a motion filed in the FTX bankruptcy proceedings.
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OKX to Hand Over $157 Million in Frozen Assets Related to FTX and Alameda Research to Debtors
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
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According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending. -
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Crypto Industry Disappointed as Digital Assets Fail to Make an Appearance in First 2024 US Presidential Debate
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Mempool founder: OKX's wallet collection operation cost a total of 254.28 BTC in fees
Mempool founder @mononautical posted on social media that OKX's wallet consolidation operations from block 846867 resulted in a total of 2385 confirmed and pending transactions, using 357092 inputs, with an average fee rate of 246.65 sat/vb and a total cost of 254.28 BTC (approximately $17.6 million). Mononautical stated that this appears to be caused by a poorly executed automated system that caused itself to bid for transactions, leading to uncontrolled fees. -
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