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Solana co-creator Anatoly Yakovenko says that SOL<\/a> tokens sitting in the reserves of FTX should be redistributed to the bankrupt crypto exchange\u2019s former customers.<\/p>\n Nearly a year after its bankruptcy, Solscan data shows that FTX still holds<\/a> nearly seven million SOL tokens in a series of cold storage wallets, worth about $135 million at current prices.<\/p>\n On social media platform X, Yakovenko says<\/a> that giving a large stack of SOL tokens to millions of new users would not only help make FTX users whole but also further benefit<\/a> the Solana network, presumably through onboarding and decentralizing.<\/p>\n \u201cMy wish would be to distribute the SOL to all the FTX customers directly. Probably the least worst outcome for everyone\u2026<\/em><\/p>\n And getting it distributed to 5 million users would benefit the network over the long term. Win-win in my honest opinion.\u201d<\/em><\/p>\n Yakovenko, also known as Toly, says that the SOL distribution would probably be more efficient than the drawn-out legal process<\/a> that FTX has been going through.<\/p>\n \u201cSeems like it would have been a much faster process and with less legal overhead if everything was just evenly split across all the users and let each user do what they will.\u201d<\/em><\/p>\n Due to FTX\u2019s large SOL holdings, Solana was disproportionately affected by the disgraced exchange\u2019s collapse last year, pushing the Ethereum (ETH<\/a>) rival down to $8 after trading at $260 just a year prior.<\/p>\n At time of writing, SOL is trading for $19.35.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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