Lost Fortunes: $1.5B in Crypto Languishes Among the Fallen Giants of Finance

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In the annals of modern finance, a tempest has swept through the realm of digital assets, leaving in its wake a multitude of firms, once vibrant and full of promise, now reduced to mere shadows of their former selves. The likes of FTX and Terraform Labs have not merely collapsed; they have imploded, dragging with them a veritable treasure trove of wealth that now lies dormant, entangled in the web of bankruptcy proceedings. Let us embark on a journey to explore the wallets of these fallen titans, where fortunes still linger, like ghosts in a forgotten mansion. 👻💰

Behold! The Collapsed Crypto Empires Still Hoarding $1.5B in Onchain Wealth

Despite their demise, these companies have not entirely vanished from the ledger of existence. Their wallets, such as those associated with FTX, remain under the watchful eyes of court-appointed guardians, preserving substantial sums onchain. It is as if these wallets are the last bastions of hope amidst the ruins. The catastrophic failure of Terraform Labs in May 2022, when its algorithmic stablecoin UST broke free from its tether, erased approximately $45 billion, pulling down with it the likes of Three Arrows Capital and Celsius. Talk about a chain reaction! 🎢

Then came the fall of FTX in November 2022, a spectacle that revealed the misappropriation of customer funds, leveraged to prop up its own token. Yet, as of June 14, the data from Arkham Intelligence reveals that Terraform Labs still clutches onto $2.45 million onchain. Most of this wealth is nestled within two tokens: $1.26 million in convex finance token (CVX) and $1.09 million in governance OHM (GOHM). Who knew that the dead could still hold such riches? 💸

And what of FTX? According to Arkham, this bankrupt exchange still controls wallets brimming with $611.93 million in digital assets. A staggering $266 million is derived from its 9.777 billion OXY tokens, while another $232 million is tied to FTT, the platform’s native token—curiously still trading at $0.90 per coin. As of this moment, FTX wallets are hoarding 257.87 million FTT. The firm also retains about $52 million in MAPS and $16.31 million in FIDA. It’s like watching a magician pull coins from thin air! 🎩✨

FTX US, the American branch of this now-defunct exchange, still possesses $1,640,348 in onchain assets, with the majority stemming from 5.938 million tron ( TRX). Meanwhile, Blockfi, the crypto lender that succumbed to bankruptcy in November 2022 due to its exposure to FTX, clings to $36.37 million in digital holdings, primarily in ethereum ( ETH), with 12,223 ETH valued at $30.84 million. Talk about a rollercoaster of emotions! 🎢

Celsius Network, which halted withdrawals and entered bankruptcy in July 2022 amid liquidity woes and risky bets, currently holds $6.89 million. Its largest asset is $6.1 million in SAVAX, along with a smaller $576,000 in ETH. Wallets tied to Voyager Digital—also filing for bankruptcy in July 2022—retain a relatively minor $41,600, indicating minimal onchain exposure. A sad tale indeed! 😢

Meanwhile, Alameda Research, the quantitative trading arm of FTX, still holds a formidable $887.46 million in digital assets. Of that, approximately $735 million is in solana ( SOL), with the firm’s wallets securing 5.099 million SOL. Alameda’s reserves also include $52 million in ETH and 205.006 BTC, worth $21.61 million. In stark contrast, Three Arrows Capital (3AC) holds a mere $46,036—just over $27,000 of which is in tether ( USDT). At the time of writing, these eight defunct entities collectively hold an astonishing $1.546 billion in onchain assets. A true testament to the folly of ambition! 💔

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2025-06-15 22:58