Why FTX and Alameda Just Staked 20,736 Ethereum — And What It Means for You Before the Creditors Cash In
Who would have thought that staking 20,736 Ethereum — worth a cool $79 million — could be the calm before the storm for FTX and Alameda Research creditors? It’s a move that might raise some eyebrows, especially with a massive $1.9 billion creditor payout lined up for September. After withdrawing tens of thousands of ETH from Bybit earlier this year and unstaking millions in Solana tokens back in March, these asset shifts hint at a strategic chess game behind the scenes. Are they quietly securing their stakes before the payout frenzy begins, or is there more to this story? Either way, the timing couldn’t be more intriguing — and it’s a clear sign that the saga of FTX’s bankruptcy estate is far from over. LEARN MORE.
FTX has scheduled a $1.9 billion creditor payout for September.
Photo: Vitaly Mazur
Key Takeaways
- FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals.
- The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March.
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Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain.
The move follows ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit.
FTX/Alameda staked 20,736 $ETH($79M) an hour ago.
Between Dec 17, 2024, and Jan 9, 2025, FTX/Alameda withdrew 21,650 $ETH($75.3M) from #Bybit at an average price of $3,478.https://t.co/RBSW7DEx21 pic.twitter.com/5E0ku6WGni
— Lookonchain (@lookonchain) July 31, 2025
The entities previously unstaked over 3 million Solana tokens worth approximately $431 million in March, marking their largest unstaking event since beginning token sales in November 2023. Following the action, around 25,000 Solana tokens valued at roughly $3.3 million were moved to Binance.
These asset movements occurred amid FTX and Alameda’s ongoing effort to liquidate holdings under court-mandated weekly limits tied to their bankruptcy estate.
Last week, FTX and FTX Recovery Trust announced plans to distribute $1.9 billion to creditors on September 30 in their third round of payouts. The distribution follows a court decision to reduce the disputed claims reserve from $6.5 billion to $4.3 billion.
Creditors in China and certain other jurisdictions facing restrictions are expected to be excluded from the upcoming payment.
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