FTX/Alameda has sold 6.94 million DRIFT tokens via Wintermute, netting approximately $320,000, following a significant security breach at Drift Protocol. The sale occurred six hours after the protocol suffered a $285 million theft, as reported by on-chain analyst Ember.
Alameda, an investor in Drift Protocol, had initially received 8.33 million DRIFT tokens through vesting unlocks a year ago, valued at about $6.22 million. However, the recent hack has severely impacted the token's value, reducing the proceeds from this sale to $320,000, reflecting a substantial decrease in investment returns.
FTX/Alameda Sells 6.94 Million DRIFT Tokens for $320,000 Post-Drift Protocol Hack
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