Alameda Research Sells $35 Million Stake in Solana, Will It Be Returned to Creditors?

Updated
August 13, 2025

Jakarta, Pintu News – Alameda Research, which is controlled by a special wallet, recently offloaded Solana (SOL) shares worth about $35 million.

According to data from Arkham Intelligence, a total of 190,821 SOL tokens have been released from staking, which was first done at the end of 2020. The value of these tokens has increased almost 100 times in less than five years.

The question now arises whether these funds will be returned to creditors affected by the financial scandals involving FTX and Alameda Research.

Check out the full news below!

Massive Unstaking by Alameda Research

The Alameda Research-controlled wallet has conducted a significant unstaking of Solana (SOL) tokens, with the current value reaching $35 million. These tokens were originally only worth $350,000 when they were first staked.

According to Crypto Times, this increase in value shows the tremendous growth potential in the crypto market, but also raises questions about proper asset management. This share release comes just one week after a major blockchain transaction involving cold wallets associated with FTX and Alameda Research.

As of July 31, 2025, it was noted that $125 million worth of Ethereum (ETH) and Solana (SOL) had been staked from these wallets. FTX alone placed around $45 million in Solana (SOL), while Alameda sent around $80 million of Ethereum (ETH) to a staking service known as Figment.

Also read: ALT5 Sigma Offers $1.5 Billion for Trump’s WLFI Project, What’s the Project?

FTX and Alameda Research began facing legal issues in November 2022 after it was revealed that customer assets were used for risky trading without authorization. The scandal developed into one of the largest in crypto history, culminating in bankruptcy filings and criminal trials.

Sam Bankman-Fried, FTX founder and owner of Alameda, was found guilty at the end of 2023 and sentenced in 2024. Since then, FTX’s new management has been working under court order to return funds to creditors.

To date, the company has managed to return approximately $6.2 billion in two payments, with the third payment scheduled for September 30, 2025. The total amount of returns is expected to reach between $14.7 billion and $16.5 billion, depending on the value of the assets.

Read also: Blue Origin Starts Accepting Bitcoin as Payment for Space Travel

Speculation and Future Expectations

The disposal of Solana (SOL) shares by Alameda Research has led to speculation among investors and creditors. The question that arises is whether the funds will be used to repay creditors or will remain invested in other forms.

Critics argue that the funds should not be returned to customers but kept staked for greater returns.

In the meantime, the crypto community and creditors continue to monitor the situation in the hope that the refund can help recover some of the losses they have suffered. Decisions about the use of these unstaked funds will go a long way in determining the course of recovery for many affected parties.

Conclusion

The release of Solana (SOL) shares by Alameda Research marks a new chapter in the long saga of FTX and Alameda. While the value of the assets has increased significantly, the decision on how to allocate these funds will be critical to the future of creditors and the stability of the crypto market as a whole. Close scrutiny and transparency will be key in this recovery process.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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