FTX/Alameda sold nearly 7 million DRIFT about six hours after Drift Protocol’s reported $285 million theft, with the vested tokens’ value having fallen sharply from their level a year earlier.
FTX/Alameda sold 6.94 million DRIFT tokens for about $320,000 via Wintermute roughly six hours after Drift Protocol suffered a reported $285 million theft. The sold tokens came from 8.33 million DRIFT Alameda had received through vesting about a year earlier, when that allocation was worth approximately $6.22 million. On the day of the sale, the 8.33 million DRIFT was valued at about $380,000, highlighting a steep decline in the token’s market value before the disposal.