cryptonews.net
The Altcoin Daily Twitter account posted on Nov. 27 that Sam Bankman-Fried's trading firm, Alameda Research, owns 13.25% of the Solana coins currently in circulation. Solana has lost 50% in value due to the impact of the bankrupt crypto exchange FTX. Crypto exchange Binance has announced the removal of trading pairs for Serum tokens, a project in partnership with FTX, Alameda Research and Solana, to minimize the impact of the FTX collapse.
At the time of writing, Solana is trading at $14.34 with potential losses due to FTX's investment in the project. What’s more, industry experts now suspect that Alameda Research’s transactions may be the reason for the Solana blockchain’s recent halt. According to BitBoy, every time the Solana blockchain was suspended, it was actually Alameda Research's money laundering and brute forcing of transactions. He also warns that Solana's owners should immediately sell their holdings.
On October 1, 2022, the Solana blockchain experienced a major network outage due to a misconfiguration on one node. SOL also experienced multiple network outages, putting a transaction on hold for several hours due to problems with the support structure.
Image: Forbes