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
Crypto never closes, but Bitcoin, Ethereum, XRP and Solana now move on Wall Street time
Bitcoin trades nonstop, but a decade of data shows its volatility increasingly follows Wall Street’s clock. A recent study found t...
Blockstream bets 600 Bitcoin by rejecting Liquid hacker’s $50 million bounty demand
Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the cry...
Solana’s tokenized Grindr stock nears $31M in trading volume, nearly doubling NYSE figures
Solana's tokenized equity surge highlights blockchain's potential to disrupt traditional markets, though sustainability and access...
Crypto exchange recovery rules split NES holders into winners and losers after $286M exploit fallout
Nesa’s NES token returned to trading on Binance Alpha and regained Ethereum funding on Kraken on Sept. 10 after venue-specific int...
Nasdaq deepens Kraken ties with proposed $100 million Payward investment
Nasdaq has agreed to invest $100 million in Payward, the parent company of Kraken, while Payward plans to adopt Nasdaq market-surv...
XRP’s 30% monthly rebound meets a $4.6 million liquidity trial inside XRPL’s $1.1 billion stablecoin boom
Stablecoins on the XRP Ledger swelled to $1.126 billion as XRP logged a 29.7% monthly rebound, putting the network's value-capture...