Millions of dollars worth of crypto assets have been moved out of official wallets linked to FTX and its trading firm, Alameda, in the past 24 hours, according to Spotonchain, as the bankrupt exchange labors under court supervision to salvage value and maximize its token holdings.

More than $13 million worth of crypto tokens were moved to exchange platforms Binance and Coinbase from wallets linked to the two firms since midnight UTC, Spotonchain said. The tokens moved include [DYDX], [AAVE] and Axie Infinity’s [AXS].

A further 1.6 million solana [SOL] tokens ($65 million) have been unstaked by FTX's cold storage wallet, with 1.2 million tokens being sent to exchanges over the past week, data from Solana's block explorer shows.

The transfers follow a September court order that allows the bankruptcy estate to sell, stake and hedge crypto holdings worth over $3.4 billion. Last week, around $19 million in solana [SOL] and ether [ETH] were moved from wallets to crypto exchanges.

A Spotonchain post on X, formerly Twitter, dated Oct. 31 shows a further $19.5 million in various tokens were deposited to Coinbase. Peckshield also reported movements on Oct. 31, saying the wallets were labeled as belonging to FTX or Alameda.

FTX's bankruptcy proceedings continue in Delaware while its founder, Sam Bankman-Fried, faces a criminal fraud trial in New York.

UPDATE (Nov. 1, 16:30 UTC): Updates headline, adds paragraph on FTX unstaking solana.

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Sandali Handagama

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She is an alumna of Columbia University's graduate school of journalism and has contributed to a variety of publications including The Guardian, Bloomberg, The Nation and Popular Science. Sandali doesn't own any crypto and she tweets as @iamsandali