TechFlow news — OKX announced today that it will transfer approximately $157 million in frozen assets related to FTX and Alameda to FTX creditors.
Following FTX's collapse in November 2022, OKX launched an investigation at the request of law enforcement authorities to determine whether any FTX-related transactions existed on its platform. Upon identifying assets and accounts linked to FTX and Alameda Research, OKX swiftly took action to freeze those accounts and secure the assets.
OKX stated it will continue cooperating with FTX creditors and law enforcement, hoping these assets can ultimately be returned to FTX users through the bankruptcy proceedings. [Source link](https://www.prnewswire.com/news-releases/okx-to-turn-over-usd157-million-in-frozen-ftx-and-alameda-related-assets-301785311.html)
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