Solana moves as FTX unstakes $15.9M under bankruptcy plan

No verified evidence of $15M SOL allocation to creditors

There is no verified evidence that alameda research’s bankruptcy management allocated $15 million worth of Solana (SOL) to creditors. A review of publicly reported actions and coverage shows no court-filed or estate-issued confirmation of that specific figure.

Available reporting instead points to routine estate management steps, such as staking changes, internal wallet consolidation, and approved asset monetization, under the FTX Debtors (FTX Trading Ltd.) umbrella. These actions are consistent with recovery procedures rather than direct creditor distributions.

Why the claim matters for Alameda Research bankruptcy

Whether $15 million in SOL was earmarked would speak to how quickly and in what form crypto assets move from estate control toward distributions. Misstating such an allocation can confuse expectations around priority, timing, and valuation for creditor recoveries.

As reported by NullTX, observers have questioned whether creditor repayments are calculated at petition-date USD values from November 2022 rather than current market prices. That distinction materially affects outcomes in crypto-heavy estates.

Internal estate movements, such as unstaking or inter-wallet transfers, do not necessarily imply immediate market selling. They more often indicate liquidity preparation, custody changes, or compliance with court-supervised monetization procedures.

At the time of this writing, SOL trades near $80.66, and supplied metrics flag “Bearish” sentiment with 18.36% volatility. These figures are contextual and do not indicate estate selling pressure or distribution timing on their own.

What confirmed actions indicate about SOL and creditor repayments

On-chain movements, unstaking, and internal transfers versus distributions

According to AInvest, the estate unstaked approximately 188,000 SOL, described as about $31.5 million at the time, in connection with creditor repayment efforts. Such on-chain movements signal preparation and treasury management, not a completed distribution to individual claimants.

Operationally, unstaking increases flexibility for subsequent sales or swaps under approved procedures. By contrast, a creditor distribution would be memorialized by formal notices and reflected in the bankruptcy claims process.

Token swaps like STG to ZRO within recovery procedures

Coverage also indicates token-for-token operations can occur as part of recovery planning, in addition to sales. This points to a broader toolkit for maximizing value, subject to court oversight and risk controls.

“Alameda Research Executes Monumental $24.29M STG for ZRO Token Swap in Bankruptcy Proceedings,” said BitcoinWorld. The report frames the swap as a bankruptcy-anchored action rather than a retail-facing market trade.

FAQ about Alameda Research bankruptcy

How much SOL does the FTX/Alameda estate currently control, and what recent on-chain movements are confirmed?

Exact current holdings were not independently verified here. Public reports note SOL unstaking and internal transfers as part of estate recovery steps.

How will creditors be repaid, based on petition-date USD values or current market prices, and what is the timeline?

Coverage indicates petition-date USD valuations are central. Timeline and mechanics remain court-supervised, case-specific, and subject to formal notices.