Solana Labs Turns a Loss of Approx. $200M Following the Downfall of FTX

Solana Labs Turns a Loss of Approx. $200M Following the Downfall of FTX

Solana Labs reportedly loses millions of its cryptocurrencies after FTX collapses
FTX’s recent downfall still has a continuing effect on Solana’s price 
Solana Labs also seems to have bypassed the most speculative quandary
As reported by Solana Labs recently, a mass of its money (in Millions) in terms of cryptocurrencies is currently withheld in FTX including over 3 million equity shares in SBF’s insolvent crypto platform.
Solana Labs manifests that it has got over 134M SRM tokens and more than 3M FTT tokens on FTX when taking money out of it temporarily came to a standstill. Those cryptocurrencies carry a value of more than $29M and more than $4M, respectively, considering the existing or up-to-date prices of CoinGecko; they carried a worth of approx. $107M and $80M respectively only 20 hours before they came to a standstill.
Those retentions gave an allusion to a profound financial alliance between SOL and FTX, which is known to have developed the FTT token and approached the

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