The trading platform has not publicly condemned any fraud. FTX filed for bankruptcy last November.
Defunct crypto exchange FTX is reportedly moving its tokens, fueling uncertainty among the crypto community.
These symbolic transfers have given rise to several hypotheses about the true intentions of the trading platform, as it is currently paying its creditors.
As previously reported, the rest of the exchange’s Linked Tokens are reportedly managed by Mike Novogratz’s Galaxy Digital.
Whether these regular payments are sent to Galaxy Digital’s account or one of its linked wallets is a matter of heated debate.
Creditors remained in Limbo A snapshot of transfer requests shared on social media suggests that the company has already transferred tokens using Wormhole Bridge.
Although some transactions used other channels, Wormhole is the preferred channel for such transactions.
Some analysts looking at the history of the trading platform’s tokens have concluded that the recent large token transfers seem suspicious and could be the work of a malicious third party.
This line of thought was almost dismissed as the trading platform did not publicly denounce any of the related wallet address scams. After FTX filed for bankruptcy last November, nearly all of its creditors have been in the dark ever since. Former insolvent CEO and founder of FTX Sam Bankman-Fried had his bail revoked by a US court and was arrested. Given that he will soon be sentenced for a host of financial crimes related to last year’s collapse of FTX, the sentence is timely.