An Alameda Research controlled wallet address has unstaked approximately $35 million worth of Solana ($SOL). According to Arkham Intelligence the address has just released 190,821 SOL tokens worth about $35.52 million.
These tokens were first staked in late 2020, when they were worth around $351,960. That means their value has grown almost 100 times in less than five years. Arkham Intelligence posted the update on X, asking, “Will this be finally returned to creditors?”
Meanwhile, the unstaking comes only a week after a large blockchain move by cold wallets linked to FTX and Alameda Research.
On July 31, 2025, $125 million worth of Ethereum (ETH) and Solana (SOL) was staked from these wallets.
Data from Arkham shows that FTX put about $45 million worth of SOL into staking, while Alameda sent around $80 million worth of ETH to a staking service called Figment. Both transactions happened on July 30, 2025, and were confirmed on the Solana blockchain.
Meanwhile, according to previous report, critics say that this found shouldn’t be returned back to customers but to remain staked.
How It All Started
FTX and Alameda’s legal troubles began in November 2022 after it was revealed that customer assets were being used in risky trading without permission. Alameda, which is owned and run by FTX founder Sam Bankman-Fried, was deeply tied to these operations.
The scandal became one of the largest in crypto history, ending with bankruptcy filings and a criminal trial.
Following that, Bankman-Fried was found guilty in late 2023 and was sentenced in 2024. Since then, FTX’s new management has been working under court orders to return funds to creditors.
According to the latest updates, the company has already returned about $6.2 billion in two payouts—$1.2 billion in February 2025 and $5 billion in May 2025.
A third repayment is set for September 30, 2025. The deadline for claims to be eligible in that round is August 15, 2025. Current estimates suggest total repayments could reach between $14.7 billion and $16.5 billion, depending on asset values.
Also Read: Binance Co-Founder CZ Seeks Dismissal of $1.76B FTX Claim
