The FTX liquidator wallet address, jxCGV, has moved 25,684 SOL tokens, or $3.27M worth, to a fresh Solana address, Ge1B1. The new address subsequently stakes the entire SOL balance with a Kiln-managed Solana validator with the address CF8ke.
Such asset movements are not unusual, with the liquidator address jxCGV regularly receiving and disbursing various altcoins from and to centralized exchanges, including Gate.io, Binance and Kucoin, among others. Recent altcoin moves include decentralized GPU network protocol IO.net (IO), DePIN project Helium (HNT) and Solana perpetuals DEX Drift Protocol (DRIFT). These moves are likely relating to settlement of repayments to creditors of the FTX estate, which are finally settling after the drawn out legal proceedings since November 2022 when FTX filed for Chapter 11 bankruptcy.
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