OKX to Turn Over USD157 Million in Frozen FTX and Alameda-Related Assets

NEW YORK, New York, 30 March, 2023 - OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, announced today that it will turn over to debtors approximately USD157 million in frozen assets related to FTX and Alameda Research, in response to a motion filed today in the FTX bankruptcy proceedings.

In the days surrounding FTX’s collapse in November 2022, OKX proactively initiated investigations to determine whether there had been any FTX-related transactions on its platform. When these investigations discovered assets and accounts associated with FTX and Alameda Research, OKX immediately took action to freeze the associated accounts and safeguard the assets.

OKX welcomes the motion and will continue to cooperate with the FTX debtors and law enforcement officials in the hope that these assets will eventually be returned to FTX users through the bankruptcy process.

Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein.

Digital Assets subject to volatility and not insured. Not financial/investment advice. Not all products and services offered in all regions. Exclusions and T&Cs apply.

© 2026 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2026 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2026 OKX.” Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.

Related articles

View more
Anthropic IPO

Anthropic stock: IPO date and how to trade before the listing

Anthropic has filed for an IPO, bringing the company behind Claude a step closer to the stock market. If you’re following Anthropic stock, there are still important details to come, including the offe
Nov 11, 2026
20261111-075423

Digital Securities are Coming to OKXICE TSV, with 70+ Assets to be Listed

Beginning November 23, eligible U.S. customers will be able to trade digital securities around the clock through the OKXICE Tokenized Securities Venue (TSV), directly in the OKX app. More than 70 asse
Nov 11, 2026
Security and asset protection

Our commitment to security and asset protection

Safeguarding customer assets shapes how we build and operate OKX. Our approach utilizes practical controls and independently verifiable evidence. This overview outlines our custody model, controls ove
Nov 10, 2026
Flexible Loans Europe

Unlock the Value in Your Crypto Without Selling It

By Erald Ghoos, CEO, OKX Europe Throughout their lives, people have three fundamental financial needs. To pay, or get paid. To grow their wealth. And to borrow, when they need to. Borrowing is one of
Nov 10, 2026
Simple Options on Tokenized Stocks

We’re Bringing Options to Tokenized Stocks

Today, we’re launching Simple Options, giving customers more ways to trade tokenized stocks on OKX. Customers across Southeast Asia, Northeast Asia, the CIS region, MENA and Türkiye can trade options
Nov 4, 2026
Intermediate
Proof of Reserves #49

Proof of Reserves #49: Verifiable Assets and Customer Protection in Any Market Condition

OKX has published its 49th monthly Proof of Reserves report, showing reserve ratios of 108% for BTC, 101% for ETH, 106% for USDT and 100% for USDC. T he PoR snapshot shows $33.87B across 21 assets, wi
Nov 3, 2026
Intermediate
View more