FTX Unlocks $21M Solana Again, What’s Behind The Move?

Quick Summary:

As the collapsed crypto exchange looks to kick off creditor repayment plans as soon as May 30, this unlock has put SOL traders on red alert amid an already cooking crypto market slump.

Defunct cryptocurrency exchange FTX has once again caused a market stir, unlocking roughly $21 million of Solana on Friday.

Notably, Bankman was sentenced to 25 years in prison as of November 2023 for what is considered America’s greatest financial crime.

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Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Sam Bankman-Fried FTX repayment FTX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 09:17:53 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 31 lines

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Copyright Owner: © CoinGape

News ID: 27785994

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