Worldcoin

<ul><li>Alameda Research transfers $352K worth of WLD to Binance amid court-ordered payout.</li><li>FTX and Alameda were ordered to pay $12.7B in restitution and disgorgement to fraud victims.</li><li>Alameda holds $43.89M worth of WLD post-transfer and is navigating through major financial obligations following bankruptcy.</li></ul>Alameda Research recently transferred 205,387 WLD tokens, valued at approximately $352,000, to Binance. This marks Alameda’s first significant movement of WLD to a centralized exchange (CEX). The transaction was highlighted by <a href="https://platform.arkhamintelligence.com/explorer/entity/alameda-research" rel="noopener noreferrer nofollow">Arkham</a> Intelligence, a platform that tracks blockchain activity and offers deep insights into various entities&#39; transactions.This transaction follows a crucial order from the U.S. District Court for the Southern District of New York, requiring FTX Trading and Alameda Research to pay $12.7 billion in monetary relief to fraud victims. This order resolves the Commodity Futures Trading Commission&#39;s (CFTC) litigation against these entities.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdy7Z8cZVHajqKYXyxq8aUSm84S7mSGA4OAGYSFSFTnfUqLJ0URl7CqODhOglLc-1eEpPANdKof-Zwd8rZN4F-JhZIjFuZ_GlVd1lFf6nv3U02q7omPAfP3xHBomYCR1MIpQdc8urFLIlfaFtmnSNLDvsPc?key&#61;2YY2a2NQKhde6PYaQUkSKg" />Source: ArkhamIntelligenceThe court&#39;s order mandates FTX and Alameda Research pay $8.7 billion in restitution and $4 billion in disgorgement. This financial obligation results from Alameda&#39;s unauthorized use of FTX customer assets, as outlined in the consent order. Notably, FTX&#39;s founder, Sam Bankman-Fried, was sentenced to 25 years in prison in March, and FTX filed for bankruptcy in November 2022. Despite these challenges, Alameda Research continues to manage its remaining assets, including the <a href="https://cryptotale.org/dogwifhat-wif-targets-3worldcoin-wld-nears-bullish-breakout/" rel="noopener noreferrer nofollow">WLD</a> tokens.The recent WLD transfer to Binance was conducted at 1:03 AM UTC&#43;8, as confirmed by Wu Blockchain. Despite the hefty payment order, Alameda still holds approximately 24.8 million WLD tokens, valued at around $43.89 million.<a href="https://cryptotale.org/alameda-moves-352k-wld-to-binance-amid-12-7b-court-order/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Alameda Moves $352K WLD to Binance Amid $12.7B Court Order

CryptoTale

Other articles published on Aug 9, 2024

Transforming Plastic Waste with DPPs

Hottest RWA Altcoin – Up 5,000% + in 12 Months

JPMorgan Chase Introduces Generative AI Assistant to Employees

Restore the Republic Token $RTR Crashes 95% After Trump Family Denial

487 Trillion SHIB: Shiba Inu Bulls Must Make This Crucial Move

Solana Price Prediction: $1000 Still Realistic Though SOL Unlikely To Outperform This New Crypto ...

Join our free newsletter for daily crypto updates!