FTX Bankruptcy Estate to Sell 41 Million Solana Tokens for $7.5 Billion
The FTX chapter property has introduced the sale of 41 million locked Solana (SOL) tokens for $7.5 billion.
In the meantime, Canadian crypto infrastructure agency Neptune Digital has publicly disclosed their acquisition of 26,964 SOL tokens at a worth of $64 per token. This buy represents a major 67% low cost to the market worth of SOL on the time. Neptune Digital plans to launch 20% of those tokens in March 2025, with the rest scheduled for gradual launch till January 2028.
A number of collectors have written to the U.S. Division of Justice (DOJ), expressing their considerations over the valuation of the tokens held by the FTX chapter property. They argue that Sullivan and Cromwell, the property’s counsel, ought to distribute the tokens at their present market worth, reasonably than utilizing the worth they’d on the time of FTX’s chapter submitting, as proposed within the compensation plan.
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