Solana News Today: FTX and Alameda Stake $125M in SOL and ETH Before Creditor Deadline

FTX and its affiliated trading firm, Alameda Research, have staked $125 million in Solana (SOL) and Ethereum (ETH) tokens just weeks before an upcoming creditor repayment deadline, raising concerns about the liquidity of funds intended for customer claims. On July 30, 2025, FTX’s cold wallet staked $45 million worth of SOL on the Solana blockchain, while Alameda deposited $80 million in ETH to the staking provider Figment. These on-chain transactions were confirmed and are now active [1].

The timing of the staking actions has drawn criticism from creditors and observers, who argue that locking large sums in long-term staking arrangements could delay access to funds that should remain liquid until all customer claims are satisfied. Staking, while potentially generating passive income, reduces asset flexibility at a critical juncture. With the next major repayment round scheduled for September 30 and an August 15 deadline for claim submissions, the move has raised questions about the prioritization of capital use [1].

FTX filed for bankruptcy in November 2022 following one of the most significant financial collapses in the cryptocurrency industry. To date, the estate has returned $6.2 billion to creditors through two major distributions. A third payout is expected to raise the total repayment to as much as $16.5 billion. However, the value of the final repayment depends on asset recovery efforts and ongoing market conditions. All wallet activity remains under close scrutiny, given the company’s high-profile insolvency [1].

The decision to stake assets comes amid ongoing legal and community pressure. FTX founder Sam Bankman-Fried was convicted in 2024 and received a prison sentence, yet public attention on the FTX estate remains intense. Any perceived misuse or restriction of funds has led to renewed scrutiny and criticism. While staking may offer long-term value, many stakeholders view the current approach as premature and counterproductive, given the remaining billions in outstanding claims and the need for immediate liquidity [1].

Source: [1] FTX and Alameda Stake $125M in SOL and ETH Ahead of Creditor Repayment Deadline (https://cryptonewsland.com/ftx-and-alameda-stake-125m-in-sol-and-eth-ahead-of-creditor-repayment-deadline/)