Bitcoin24h $90,173.76-0.95%

Ethereum24h $3,100.94-1.94%

Solana24h $236.36+9.07%

BNB24h $620.37-1.55%

XRP24h $1.04-12.53%

Dogecoin24h $0.3642-2.12%

Cardano24h $0.7191-5.72%

TRON24h $0.1976-2.42%

Shiba Inu24h $0.0000+2.52%

Avalanche24h $35.51+0.76%

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.

If Alameda didn’t dump BitDAO’s token 20% who did?

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.

A court filing details how Sam Bankman-Fried’s company has been ordered to hand over 6,500 bitcoins and 50,000 ether by the end of September.