Key Highlights
- Alameda Research sent over $15 million in SOL to 25 non-governmental creditors as a part of the 21st monthly tranche.
- The latest transfer follows the reorganization plan confirmed in late 2024 to provide full repayment plus interest to its creditors.
- The estate recently swapped nearly $25 million in STG tokens into ZRO, in efforts to follow efficient liquidation.
Alameda Research, the sister firm for the now-defunct crypto exchange FTX, has sent over $15 million in SOL to its creditors as a part of the latest monthly tranche. As a part of the liquidation to Alameda’s assets, this marks the 21st monthly continuous distribution to 25 addresses.
As highlighted by Arkham in a latest X post, all of these funds were sent to creditors via BitGo, one of the biggest crypto custody providers in the industry. onchain data shows that the firm now holds over 3.933 SOL tokens, valued roughly at $317 million.
Alameda’s estate, as part of the broader FTX bankruptcy proceedings, has undergone extensive liquidation since the 2022 collapse. The current transfers are executed by court-appointed administrators and trustees, who are strategically selling and converting the firm’s vast crypto holdings.
As noted by Lookonchain, the estate recently swapped their nearly $25 million worth of Stargate’s STG tokens to LayerZero’s ZRO, as the project announced its own L1 blockchain.
Alameda’s liquidation process
These efforts, combined with recoveries from clawbacks and asset appreciation, contributed to the FTX estate amassing over $16 billion in total value. This enabled the reorganization plan confirmed in late 2024 to provide full repayment plus interest to non-governmental creditors.
Funds from Alameda’s liquidated assets have been pooled into the FTX bankruptcy estate and distributed to creditors through phased payouts. The distributions began in early 2025, with billions sent out in multiple rounds, including over $5 billion in one phase and an additional $1.6 billion in a third distribution by late 2025.
Strategically, all the unsecured lenders and certain classes (including those tied to Alameda loans) have received cumulative recoveries up to 85% or more toward full repayment. The ongoing smaller unlocks and sales (e.g., SOL movements in 2026) continue to support further creditor payments under the court-supervised plan.
As of February 12, 2026, addresses linked to the FTX/Alameda estate unstaked approximately 196,611 SOL while the estate still has over 4.18 million SOL staked on the Solana network.
Also read: BlockFills Suspends Deposits and Withdrawals: Is Liquidity at Risk?
