OKX to Hand Over $157M in Frozen Assets Related to FTX and Alameda to Debtors

Ouyi OKX will hand over about US$157 million of frozen assets related to FTX and Alameda to FTX debtors. After the FTX crash in November 2022, OKX will initiate an investigation to determine whether there are any transactions related to FTX on its platform. When the assets and accounts related to FTX and Alameda Research were seized, OKX took immediate action to freeze the relevant accounts and protect the assets. OKX stated that it will continue to cooperate with FTX debtors and law enforcement officials, hoping that these assets will eventually be returned to FTX users through bankruptcy proceedings.