FTX and Alameda redeemed 192,000 SOL, valued at $43 million, from staking and distributed the funds across 28 addresses, a move consistent with their ongoing liquidation strategy. Since November 2023, nearly 9 million SOL have been redeemed, with 4.18 million SOL still staked. The redemption supports one of crypto's largest bankruptcy repayments, totaling $6.2 billion to creditors. FTX is preparing for a new distribution round in September 2025.