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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...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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 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

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This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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