SBF’s Alameda Research Holds 13.25% Solana Coins In Circulation
CoinEdition
Published Nov 27, 2022 05:57AM ET
SBF’s Alameda Research Holds 13.25% Solana Coins In Circulation
- Solana has suffered a loss of 50% due to exposure to bankrupted cryptocurrency exchange, FTX.
- SOL is currently trading at $14.3 with zero signs of recovery.
- Crypto influencer BitBoy asked SOL holders to get rid of their assets.
Cryptocurrency commenter Twitter account Altcoin Daily has posted on November 27 that Sam Bankman-Fried’s trading form, Alameda Research holds 13.25% Solana Coins currently in circulation.
He further warns that Solana holders should sell their assets effective immediately. He added that Alameda Research has been laundering money and pressurized with transactions amidst blockchain halts.
On October 1, 2022, the Solana blockchain suffered a major network outage on account of a misconfiguration in a single node. SOL also faced multiple network outages pausing transaction for hours due to issues with support structure.
Solana’s head of communications, Austin Federa, refused the loss of value because “that is not how blockchain works.”
The post SBF’s Alameda Research Holds 13.25% Solana Coins In Circulation appeared first on Coin Edition.
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