Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data
Solana Compass reveals that Sam Bankman-Fried’s bankrupt trading firm Alameda Research previously controlled 48,636,772 SOL tokens worth over $643 million at time of writing. With Solana down nearly 95% from its all-time high of $259.
According to the platform, the SOL stash is now subject to chapter 11 bankruptcy, and it will likely stay frozen until the liquidation process is complete. The on-chain analytics platform also clarifies that the SOL tokens in question are in locked stake, which means none of them can be sold in the open market as the coins are currently not in circulation.
Source
@Solana_Updates
