PeckShield has monitored that FTX's cold wallet address on Solana has transferred approximately 470,000 SOL (about $15 million). Some of the funds have been sent to CEX, such as Binance. FTX's cold wallet address on the Ethereum chain has transferred approximately $2.5 million worth of cryptocurrencies, including 11,000 COMP and about 97,400 RNDN to Wintermute's Binance deposit address.

According to on-chain analyst Yu Jin's monitoring on October 26th, FTX and Alameda addresses transferred 21,967 COMP (approximately $1 million) and 974,270 RNDR (approximately $2 million) to Wintermute 5 hours ago. As of yesterday, a total of 6 assets worth $13.35 million have been transferred.

According to court documents on Wednesday, FTX paid $6.5 million to the non-profit organization Center for AI Safety (CAIS) based in San Francisco from May to September 2022 before its collapse. FTX's current CEO, John J Ray III, is seeking an account of these transfers and is requesting a subpoena from a Delaware bankruptcy judge to require CAIS to provide documents and other information related to these payments.

According to Bloomberg News on October 26th, Cherokee Acquisition, a bad asset investment company, is now offering FTX debt at a price of 50 to 53 cents per dollar, up from the range of over 40 cents last week. Since FTX went bankrupt and began recovering billions of dollars in assets, FTX debt claim prices have been relatively stable and rising, and major hedge funds have been buying and selling these claim rights, covering losses from FTX account equity to compensation for losses due to abandoned contracts.

Collapsed crypto exchange FTX is reportedly transferring $8.6 million in Ethereum, Chainlink, Aave, and Maker from its wallets to Binance, leading analysts to believe that this is the beginning of a sale to repay creditors. FTX went bankrupt last November due to alleged criminal mismanagement, with around $9 billion in client money going missing. The company's new management is in the process of returning the funds, with a lot of the cash in the form of digital coins and tokens. FTX's ex-CEO and co-founder, Sam Bankman-Fried, is currently on trial facing seven criminal charges related to the collapse of the exchange.

According to market data, FTT has surged to 1.4511 USDT in the short term, with a 24-hour increase of 25.91%, possibly due to the news that SBF will testify in court on Thursday. The current price is 1.3341 USDT.

FTX is considering proposals from three bidders to restart the exchange and will make a decision on how to proceed by mid-December. FTX is currently negotiating with investors on potentially binding offer details. Possible options include selling the entire exchange, including a list of over 9 million customers, or introducing partners to help restart the exchange. FTX is also considering restarting the exchange on its own. FTX and its main creditor group have preliminarily resolved some disputes in the case, which will enable them to submit a detailed payment plan in December. <br>

According to Bloomberg, FTX is in talks with three bidders to restart the cryptocurrency exchange, and the company will make a decision on how to proceed before mid-December. It is reported that FTX is negotiating with investors on potentially binding tender details, including options to sell the entire exchange (including a list of over 9 million customers), or to introduce partners to help restart the exchange. FTX is also considering restarting the trading platform on its own. Andrew Dietderich, the company's lawyer, stated at a court hearing that FTX and its main group of creditors have preliminarily resolved some of the most difficult disputes in the case, which will allow the company to submit a detailed payment plan in December.

FTX 2.0 Coalition, a group of FTX creditors, has released the latest court update: 1. The stalking horse bid will be announced before December 16th. Note: The stalking horse bid refers to the initial public bidding action proposed by the buyer selected by the company applying for bankruptcy protection, which can attract more potential buyers to propose competitive acquisition prices. 2. A motion to estimate the value of cryptocurrency claims will be made in November. 3. Customer names will remain anonymous (permanently anonymous for natural persons).

Gary Wang, Caroline Ellison, and Nishad Singh, who all pleaded guilty to charges related to the downfall of crypto exchange FTX and its sister company in November 2022, testified against Sam Bankman-Fried at his trial in the Southern District of New York courthouse. The three are facing potential prison sentences of up to 50, 110, and 75 years, respectively. However, as part of their cooperation agreements with the U.S. government, they may avoid jail time if they continue to cooperate and tell the truth. While it is not guaranteed, it is typical for first-time offenders in white-collar cases to avoid jail time as cooperating witnesses.