Inside the relationship between Sam Bankman-Fried's FTX and Solana, the blockchain he championed whose token is down 96% from its highs

Dec 29 2022 by Business Insider

 
Sam Bankman-Fried.

Jeenah Moon/Reuters

Sam Bankman-Fried was a big supporter of Solana, the layer-1 blockchain that bills itself as a faster alternative to Ethereum's network. He backed projects on its ecosystem, and his firms amassed huge sums of the blockchain's native token, also called Solana (SOL). The altcoin has crashed 96% from its record high in November 2021, wiping out tens of billions in market cap. 

Sam Bankman-Fried was a big supporter of Solana, the layer-1 blockchain that...

Continue Reading Inside the relationship between Sam Bankman-Fried's FTX and Solana, the blockchain he championed whose token is down 96% from its highs