Bitcoin24h $102,363.78-2.18%

Ethereum24h $3,687.04-4.62%

XRP24h $2.38-5.63%

BNB24h $701.24-2.12%

Solana24h $209.21-3.46%

Dogecoin24h $0.3647-5.33%

Cardano24h $0.9661-6.46%

TRON24h $0.2653-2.69%

Avalanche24h $42.93-7.50%

Chainlink24h $24.91-8.66%

Exclusive: Moonstone Bank explains ties with Alameda Research

Protos interviewed chief digital officer Janvier Chalopin of Moonstone Bank, after investigating a curious connection with Alameda Research.

Solana’s close ties to FTX cause financial and structural damage

Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.

BitDAO has called out Alameda Research to demand proof that it didn’t break an agreement to not sell each other’s tokens.

On-chain researchers suggest FTX may be pulling assets from Solana’s Wormhole protocol to make sure it can cover liquidity needs.

Alameda Research reportedly has immense exposure to illiquid assets like FTX token, with billions of dollars in loans.