OKX returns frozen assets worth $ 157 million, which are connected to FTX and Alameda

OKX returns frozen assets worth $ 157 million, which are connected to FTX and Alameda
leading crypto exchange okx. Sketched plans for the return of frozen digital assets associated with Sam Bankman-Frieds Krypto company FTX and Alameda Research, according to a recent application in the FTX bankruptcy proceedings.
The stock exchange called on the Seychelles A study against FTX initiated whether the company had done business with OKX before its downfall in November.
OKX transfers $ 157 million to FTX bankruptcy mass
During the examination, OKX found associated accounts associated with FTX and Alameda, which the company immediately frozen to protect assets worth $ 157 million.
OKX has now announced its plans to release the assets and transfer it to the bankruptcy mass in order to support the company's restructuring plan in accordance with a new application for return of the funds.
"Okx welcomes the application and will continue to work with the FTX debtors and law enforcement officers, in the hope that these assets will finally be returned to the FTX users by bankruptcy," said the stock exchange.
The company, which is the second largest crypto exchange according to trading volume, said the step was part of his commitment to transparency.
okx Plant expansion in Australia
shortly before the announcement of plans for the return of the FTX-bound assets, okx disclosed that would open a regional office in Australia in the coming months in order to be able to better serve its customers in the region.
This announced the stock exchange Expansion Plans at a conference for crypto enthusiasts in Melbourne Arts Center to celebrate before the Grand Prix of Australia.
The company said that some of its brand ambassadors, including Scotty James, an Olympic snowboarder, and Formula 1 driver Daniel Riccardo, took part in the event.
Haider Rafique, Chief Marketing Officer from OKX, announced that the company's decision to open an official office in Australia is part of his strategy to become the world's leading service provider for digital assets.
"We see Australia as an indispensable part of this strategy and as an important growth market. With an already strong recording of crypto in Australia, we are committed to the local market and want to build a strong local office," he said.
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