Covalent announced that it has purchased CQT tokens held by the FTX bankruptcy consortium through a private transaction
PANews reported on April 29 that Ganesh Swami, co-founder of Covalent, a blockchain data query and indexing platform, said on the X platform that as of April 26, 2024, Covalent had fully acquired all CQT tokens held by FTX estate. Swami said that a private buyer bought the assets a month ago and has been selling them on the open market, which has had a negative impact on CQT, so Covalent contacted the buyer last week and conducted a private transaction for all the remaining CQT.
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