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Solana co-creator Anatoly Yakovenko says that SOL tokens sitting within the reserves of FTX ought to be redistributed to the bankrupt crypto alternate’s former clients.
Almost a yr after its chapter, Solscan knowledge exhibits that FTX nonetheless holds practically seven million SOL tokens in a collection of chilly storage wallets, price about $135 million at present costs.
On social media platform X, Yakovenko says that giving a big stack of SOL tokens to hundreds of thousands of recent customers wouldn’t solely assist make FTX customers complete but additionally additional benefit the Solana community, presumably by way of onboarding and decentralizing.
“My want could be to distribute the SOL to all of the FTX clients immediately. Most likely the least worst final result for everybody…
And getting it distributed to five million customers would profit the community over the long run. Win-win in my sincere opinion.”
Yakovenko, also referred to as Toly, says that the SOL distribution would in all probability be extra environment friendly than the drawn-out authorized process that FTX has been going by way of.
“Looks like it could have been a a lot sooner course of and with much less authorized overhead if all the things was simply evenly cut up throughout all of the customers and let every person do what they may.”
On account of FTX’s giant SOL holdings, Solana was disproportionately affected by the disgraced alternate’s collapse final yr, pushing the Ethereum (ETH) rival right down to $8 after buying and selling at $260 only a yr prior.
At time of writing, SOL is buying and selling for $19.35.
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