FTX Sells 6.94 Million DRIFT Through Wintermute for Approximately $320,000

AirdropBlackHole · 2026-04-04T01:15:10+00:00

Crypto analyst Yu Jin reports that FTX/Alameda sold 6.94 million DRIFT for roughly $320,000 after a $285 million security incident at Drift Protocol, significantly reducing the value of their prior investment in DRIFT.

AirdropBlackHole

2026-04-04 01:15:10

Abstract generation in progress

According to crypto analyst Yu Jin, FTX/Alameda sold 6.94 million DRIFT through Wintermute six hours ago, valued at approximately $320,000, following a security incident involving around $285 million at Drift Protocol. Data shows that Alameda previously acquired about 8.33 million DRIFT as an investor through vesting unlocks, which was valued at approximately $6.22 million at the time; its current corresponding value has dropped to around $380,000.

DRIFT-10.4%

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