As per the latest news, the bankrupt and infamous FTX apparently has a $150 million worth of assets tied up in Solana and Ethereum staking!
On October 15, Binance Square made public a statement shedding light on FTXs substantial Solana holdings. Heres what was revealed.
Understanding SOL Staking
On October 13, Whale Alert reported a transfer of 5.5 million SOL. This spurred on-chain researcher Ashpool to connect the dots, concluding that a significant portion of SOL is in the hands of FTX. Ashpool also revealed that these funds were intended for staking with the validator Figment.
Earnings from SOL staking can vary. Some sources report historical annual percentage yields (APY) of around 5.5%. However, depending on the staking platform us…
Read the full article at: https://coinpedia.org/news/ftx-bankruptcy-estate-holds-150-million-in-sol-and-eth-amidst-ongoing-sam-bankman-fried-trial/