The bankrupt cryptocurrency exchange FTX has staked around $170 million in various crypto assets, including Solana, Ethereum, and MATIC. Blockchain data shows that the defunct platform has staked over 5.5 million SOL and more than 24,000 ETH. FTX has sent 5.5 million SOL, valued at $122 million, to the Figment network for staking, which is expected to yield significant returns with an estimated annual yield of 6.79%. The exchange has also directly staked 24,000 ETH, valued at $37.4 million, on the Ethereum network, with an estimated return of 3.4%. Additionally, FTX has staked approximately $9.5 million worth of MATIC, the native token of Polygon, with a capped return of 4.6%. The tokens were primarily held in addresses controlled by FTX’s sister company, Alameda Research. These staking activities come after the U.S. Bankruptcy Court granted FTX permission to invest and hedge its crypto holdings worth $3.4 billion. FTX is currently involved in legal battles, including allegations of fraud and misappropriation of funds against its former CEO, Sam Bankman Fried.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Nishad Singh, Sam Bankman Fried
Companies	Solana, Ethereum, U.S. Bankruptcy Court for the District of Delaware, FTX, Alameda Research, PrimeXBT, Binance, CoinMarketCap, MATIC, Figment
Currencies	Solana, Polygon, Ethereum
Securities	None