Solana Foundation Lost Nearly $200 Million After FTX Collapsed – This is What You Need to Know
The Solana Foundation lost close to $200m in the epic collapse of crypto exchange FTX, and says it remains an open question if any of it can be recovered in the aftermath of the bankruptcy. According to a newly updated r...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a newly updated report, the Solana Foundation held approximately $1m in cash, 3.43m FTT tokens, and 134.54m SRM tokens on FTX as of November 7, the date when the exchange ceased to process customer withdrawals....
Read More: Solana Foundation Lost Nearly $200 Million After FTX Collapsed – This is What You Need to Know
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun
Sandwich bots extracted about $29.7 million before costs from Solana trades over an 11-month period, according to blockchain data...
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple's RLUSD stablecoin as it prepares to expand its use as collateral for instituti...
Bitcoin slips below $83,000, wiping out nearly $42 million in longs before the US open
Leverage-induced volatility highlights the risks in Bitcoin trading, emphasizing the need for cautious positioning and monitoring...
A Solana wallet tested a fake address with $10, then sent it $30,750
Lookalike payment addresses targeted nearly 4.5 million Solana wallets over 11 months, according to blockchain-data firm Bitquery’...
FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI
SWI Group has raised €800 million to expand AI infrastructure, advancing its plan to repurpose FTX-backed Bitcoin miner Genesis Di...
XRP Price Slid as Bitwise Drives $11 Million ETF Inflows
U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40...