The US government has seized $800K in funds tied to Alameda Research and earmarked the assets for return to FTX creditors and affected crypto users.

The FTX bankruptcy estate has distributed approximately $7.6 billion to creditors as of early 2026. Some creditors have actually exceeded full recovery on their claims under the sanctioned repayment plans. The estate has been aggressively liquidating assets to fund these payouts, including recent movements of roughly $16-17 million in Solana tokens from Alameda-linked wallets.

Sam Bankman-Fried was sentenced to 25 years in prison in March 2024 and ordered to forfeit over $11 billion.

FTX and Alameda Research filed for bankruptcy on November 11, 2022, after it emerged that customer funds had been systematically misused. The $800K reclamation highlights a persistent challenge in these proceedings: competing claims over seized assets. The FTX bankruptcy estate, individual creditors, and liquidators from Antigua (where FTX Digital Markets was based) have all staked overlapping claims on various pools of recovered funds.

The US Department of Justice and the bankruptcy estate have been working in parallel on recovery efforts. The DOJ focuses on criminal forfeiture, seizing assets tied to the fraud, while the estate handles the civil side, liquidating holdings and managing creditor claims.

The estate’s selling of SOL tokens creates periodic selling pressure on that asset. When $16-17 million in SOL hits the market, traders watching Solana’s price action should factor in that the FTX estate remains a significant holder with more tokens likely to be sold.