Serum exchange rendered 'defunct' following the collapse of Alameda and FTX

Cointelegraph

Published Nov 29, 2022 02:25PM ET

Updated Nov 29, 2022 04:00PM ET

The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”.

The team behind the project shared that “there is hope”, in spite of its ongoing challenges, because of the community option available to "fork" Serum.

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