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OKX sends $57M worth of USDT and MASK tokens to Alameda Research

Published date:

February 2, 2026

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

Crypto exchange OKX transferred over $57M worth of assets to FTX’s sister firm, Alameda Research.

Earlier in March, a court filing submitted by FTX claimed that OKX held $157M worth of funds that belonged to Alameda clients. Soon, OKX agreed to send the funds to certain wallets designated by the bankrupt firms’ debtors.

In the past hour, Alameda Research wallets have received $57.77M in USDT from OKX.

Link to Arkham wallet address below: pic.twitter.com/9JXhH0sQnR
— Arkham (@ArkhamIntel) May 9, 2023

According to the statistics provided by Arkham Intelligence, crypto wallets controlled by the FTX-Alameda bankruptcy estate received $57.77M in Tether (USDT) and $1.3M in Mask Network (MASK) tokens.

As of writing, Alameda’s wallet holds $285M worth of crypto assets, with Tether, BitDAO (BIT), USD Coin (USDC) Ethereum (ETH), and Polygon (MATIC) tokens comprising the majority of these funds.

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Meanwhile, FTX’s new management has recovered over $7B in crypto since November 2022, when the FTX Group filed for Chapter 11 bankruptcy. Currently, the firm’s lawyers are engaged in clawing back $4B from Genesis and its subsidiaries.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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