Crypto exchange Okcoin has issued a brief statement indicating it will return funds related to the FTX and Alameda bankruptcy cases. According to Okcoin, it wil return $8.2 million in frozen assets related to Alameda Research.
The company notes that FTX debtors filed a motion in the U.S. bankruptcy proceedings seeking court approval for Okcoin to transfer the assets, and a decision from the bankruptcy court is expected in the coming weeks.
Okcoin adds that the assets were proactively identified in corporate accounts and immediately frozen by Okcoin in the aftermath of the FTX collapse.
The company said it hoped the funds, albeit a small amount, will help make impacted investors whole.