Jupiter Founder Speaks About Solana’s Issue after the fall of FTX
CoinEdition
Published Nov 10, 2022 06:15AM ET
Updated Nov 10, 2022 06:30AM ET
Jupiter Founder Speaks About Solana’s Issue after the fall of FTX
- Founder of Jupiter exchange took to Twitter to address the Solana issue.
- Meow states know one knew which platform issued tokens like soBTC.
- Binance CEO states that the fall of FTX has made crypto exchanges to become more transparent.
The founder of Jupiter took to Twitter to address an unspoken issue facing the Solana ecosystem at present after the fall of FTX. Meow (Twitter username) stated that one of the most challenging issues facing the Solana ecosystem is the wrapped Sollet tokens.
Meow urged Solana and the Solana Foundation to reach out to FTX for more clarity on the situation. He stated that assets must be marked down if they are no longer backed. Meow stressed that it is better for it to happen now than later.
According to Binance CEO, The fall of FTX has definitely pushed several crypto exchanges to come out with complete transparency. Several exchanges are also using proof-of-reserve audits to ensure complete transparency.
The post Jupiter Founder Speaks About Solana’s Issue after the fall of FTX appeared first on Coin Edition.
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