Alameda Research Deposit 205,380 WLD Tokens To Binance

FTX partner company, Alameda Research, sells WLD crypto assets. (Photo; Doc. Coin68)

JAKARTA - Alameda Research, a crypto investment company and partner FTX that went bankrupt recently attracted attention by taking significant steps in the market. On August 8, 2024, Alameda deposited 205,380 tokens of $WLD to the Binance crypto exchange. The value of this token reached around 351,000 US dollars (IDR 5.6 billion), as reported by Lookonchain.

This transaction takes place in the midst of a fairly complex financial situation, where Alameda and her sister's company, FTX, are undergoing various intensive financial activities because they are caught in legal problems.

This move came shortly after a United States court, through District Judge Peter Castel, gave formal approval on August 7, 2024 for a debt settlement of US$12.7 billion (Rp203.2 trillion) to FTX creditors. This decision is an important point in the efforts of the two companies to address the crisis that has plagued them for more than 20 months, since the lawsuit was filed by the United States Commodity Futures Trading Commission (CFTC).

In the documents submitted to the court, it is clear that Alameda and FTX still have a fairly large crypto portfolio, with a total value of around US$630 million (Rp10.08 trillion) in the form of various digital tokens.

Among them, they have 266.85 million $FTT tokens worth 344.24 million US dollars (Rp 5.5 trillion), 105.47 million tokens $ BIT worth 113.26 million US dollars (Rp1.81 trillion), and 24.8 million tokens $WLD previously issued but now its value has decreased to US $ 43.64 million (Rp698.2 billion). In addition, Alameda and FTX also hold 104 million tokens $STG with a value of $32.6 million (Rp521.6 billion) and 145.97 million tokens of $BOBA worth $29.83 million (Rp477.28 billion).

The deposit of $WLD tokens to Binance shows that Alameda Research and FTX still have long efforts to recover after the court's decision. Even so, the steps taken by these two companies reflect their hard efforts to fulfill considerable economic obligations. This settlement process is not only a financial challenge, but is also a test for the future of the crypto industry which is increasingly being strictly regulated.