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Alameda Research FTX moves 201,000 SOL worth $15.14 million to BitGo custody

Alameda Research FTX moves 201,000 SOL worth $15.14 million to BitGo custody

The transfer was split across multiple rapid transactions to several BitGo custody addresses, drawing attention as the FTX estate continues managing assets under bankruptcy supervision.

SOL

Fact Check
The claim is confirmed by the primary originating source, the Onchain Lens X post (@OnchainLens), which states Alameda Research FTX moved ~201K SOL (~$15.14M) to BitGo Custody via multiple transactions within minutes, citing Nansen AI. Nansen AI itself reposted this. Multiple independent secondary outlets (Odaily, ChainCatcher, Bitcoinworld) report identical figures and details. The figures, custodian, and transaction pattern all match precisely.
Summary

A wallet linked to FTX and Alameda Research transferred about 201,000 SOL, valued at roughly $15.14 million, to BitGo Custody in a series of rapid transactions routed to several addresses, according to Onchain Lens. The movement appears consistent with a structured custodial transfer rather than a direct market sell order. Since FTX entered Chapter 11 bankruptcy in November 2022, the estate has been consolidating and securing digital assets, and a court in September 2023 approved the liquidation of certain crypto holdings, including Solana, under supervision. Because the estate remains a major holder of Solana, large token movements are closely watched for their potential effect on liquidity and price, though a transfer to custody does not by itself indicate an imminent sale.

Terms & Concepts
  • SOL: Solana’s native token
  • custody: Safekeeping of digital assets by a third-party provider
  • Chapter 11 bankruptcy: A U.S. court process that allows a company to restructure or manage assets while under legal protection