Coinspeaker
Pantera Capital Buys Another Bunch of Solana Tokens from FTX Auction
Distressed crypto exchange FTX and its sister investment firm Alameda Research have accelerated the auctioning and liquidation of their crypto holdings in the past few weeks. With former FTX boss Sam Bankman-Fried, alias SBF, currently serving a 25-year jail term, the repayment of the distressed creditors and customers is underway.
In the latest update, Bloomberg reported that about 2,000 SOL coins, worth about $288k based on the current price, were auctioned this week. According to people familiar with the matter, Pantera Capital was among the winning bids during the FTX auction.
Earlier this month, Pantera Capital and Galaxy Digital, among others, participated in an FTX auction where $2.6 billion worth of SOL were sold at a discount. Furthermore, the 41 million SOL coins being offloaded by FTX and Alameda Research are locked in smart contracts and will be available for trading over the next
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