{"id":186731,"date":"2023-11-03T18:42:18","date_gmt":"2023-11-03T13:12:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=186731"},"modified":"2023-11-03T18:42:18","modified_gmt":"2023-11-03T13:12:18","slug":"sol-up-over-21-in-a-year-since-alamedas-balance-sheet-hole-came-to-light-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sol-up-over-21-in-a-year-since-alamedas-balance-sheet-hole-came-to-light-crypto-news\/","title":{"rendered":"SOL up over 21% in a year since Alameda\u2019s balance sheet hole came to light &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/what-is-solana-why-hottest-blockchain\/\">Solana\u2019s SOL token<\/a> is up 21.08% a year after it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2022\/11\/02\/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet\/\">was revealed<\/a> that a large chunk of trading firm Alameda Research\u2019s assets were in FTT \u2014 the token issued by its sister cryptocurrency exchange FTX \u2014 which was the first domino to fall in the collapse of FTX.\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/sam-bankman-fried-found-guilty-all-charges-ftx-trial\/\">Sam Bankman-Fried found guilty on all charges<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast facts<\/h3>\n<ul>\n<li>FTX was one of the biggest investors in the Solana ecosystem, and Sam Bankman-Fried was an outspoken supporter and early investor in the blockchain.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>SOL traded at US$38.45 as of 7:20 p.m. in Hong Kong and has been one of the best-performing altcoins of 2023 with a 319% increase year to date.<\/li>\n<li>CoinDesk published an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2022\/11\/02\/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet\/\">article<\/a> on Nov. 2, 2022, which revealed an \u201cunusually close\u201d relationship between Alameda and FTX. The report also found that Alameda then had US$292 million of \u201cunlocked SOL,\u201d US$863 million of \u201clocked SOL\u201d and US$41 million in \u201cSOL collateral.<\/li>\n<li>On Nov.11, 2022, FTX filed for bankruptcy. Almost a year later, on Nov. 3, 2023, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/sam-bankman-fried-found-guilty-all-charges-ftx-trial\/\">Bankman-Fried<\/a> was convicted of fraud. His sentencing is scheduled for March 2024 and faces a maximum sentence of 115 years in prison.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>An FTX-related wallet <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/solscan.io\/tx\/4HiwLY12VTjySCdD4sZ9P3W4wq8jLX76Ld4JoduUtUPnD44hifVjPy6Gw4A1Lwo5LZrazY4TL4ttNCm4oaG7AkaY\">unstaked<\/a> 1.6 million SOL tokens on Wednesday, worth around US$61.5 million.<\/li>\n<\/ul>\n<ul>\n<li>SOL rose to a 14-month high of US$46.25 on Wednesday, a level not seen since Aug. 2022, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>. The token is up over 319% this year.<\/li>\n<li>Non-fungible token (NFT) sales on the Solana blockchain rose 10.06% in the past 30 days to US$29 million, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam<\/a>. However, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/topic\/index\/fksol\/\">Forkast SOL NFT Composite<\/a> fell 2.28% to 616.71 points in the same timeframe.\u00a0<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/xrp-approved-dubais-financial-services-authority\/\">XRP approved by Dubai\u2019s Financial Services Authority<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana\u2019s SOL token is up 21.08% a year after it was revealed that a large chunk of trading firm Alameda Research\u2019s assets were in FTT \u2014 the token issued by its sister cryptocurrency exchange FTX \u2014 which was the first domino to fall in the collapse of FTX.\u00a0 See related article: Sam Bankman-Fried found guilty [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":64897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-186731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=186731"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186731\/revisions"}],"predecessor-version":[{"id":186732,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186731\/revisions\/186732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/64897"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}