Solana Foundation reveals its assets blocked on FTX and Alameda

Time:2022-11-27 07:01 Source:Internet Copy share

As of 6/11/22, when FTX stopped processing withdrawals, Solana Foundation held about $1 million in cash on the exchange, which is less than 1% of the firm’s reserves.The company said it did not store SOL coins on the exchange.The company also held on the exchange: 3.24 million shares of FTX Trading LTD common stock; 3.43 million FTT tokens; and 134.54 million SRM tokens.In addition, FTX and its subsidiary Alameda Research acquired 50.5 million SOL coins between August 2020 and January 2021. Linear unlocking of these assets is scheduled through 2028.Solana Labs also sold more than 7.56 million SOLs to Alameda Research in 2021 – these coins will be unlocked in 2025.
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