OKX will transfer approximately $157 million in frozen assets related to FTX and Alameda to FTX creditors

ChainCatcher news, OKX announced today that it will transfer approximately $157 million in frozen assets related to FTX and Alameda to FTX creditors. After the collapse of FTX in November 2022, OKX initiated an investigation at the request of law enforcement to determine whether there were any transactions related to FTX on the platform. When assets and accounts related to FTX and Alameda Research were discovered, OKX quickly took action to freeze the relevant accounts and protect the assets.

OKX stated that it will continue to cooperate with FTX creditors and law enforcement in the future, hoping that these assets can eventually be returned to FTX users through the bankruptcy process. (source link)