FTX Cold Wallet Moves Over $10M In Assets
Adekunle Joshua
Despite ongoing legal and financial challenges, FTX cold wallet has moved over $10 million in assets to Coinbase and Binance
This transfer has raised numerous questions within the crypto community
Some traders speculate that it may be connected to FTX's bankruptcy proceedings, Bankman-Fried's trial, or an effort to raise capital
FTX is considering relaunching its trading operations, either independently or through a strategic partnership
Additionally, FTX has proposed a settlement strategy that could see customers recovering over $9 billion by 2024