Solana Basis Misplaced Over $180 Million in

The Solana Basis has launched a truth sheet detailing the publicity it holds to FTX following its chapter

The group held over $180 million price of crypto asset publicity to the corporate as of November sixth, simply earlier than the change ceased processing withdrawals. 

FTT and SRM Holdings

Based on the inspiration’s report (final up to date Monday), Solana held roughly $1 million in money on FTX as of November sixth. The non-profit mentioned these funds have been “negligible” to its operations, accounting for lower than 1% of its money reserves. 

The group misplaced way more in crypto belongings, nevertheless. Although no Solana (SOL) was held on FTX, roughly 3.43 million FTX (FTT) tokens and 134.54 million Serum (SRM) tokens belonging to the inspiration at the moment are trapped on the change.

As well as, the group held 3.24 million shares of FTX frequent inventory.

Based on CoinGecko, FTT was buying and selling for over $22 as of that point, whereas SRM was price roughly $0.8 every. Going by the inspiration’s numbers, that’s $75.46 million and $107.6 million of publicity to FTT and SRM respectively. 

FTT is FTX’s utility token that gave holders diminished buying and selling charges on the platform. In the meantime, SRM is the governance token for Serum – a…

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