Solana and SBF: (very) dangerous liaisons
Long supported by Sam Bankman-Fried, the Solana ecosystem, whose token collapsed in the space of a few days, is fighting for its survival.
The days go by and the number of collateral victims of FTX's fall continues to climb.
Yesterday, it was lending company Genesis, despite being recapitalised a week ago, that got down on one knee and said it had frozen its operations. But until then, the problems had only affected companies and not... blockchains.
Or, the situation could perhaps tip over in the coming days or weeks, as the 30-year-old former billionaire (he lost everything) had also invested in several projects like Solana, which he actively supported. "Solana is one of the main victims" of FTX's collapse, Stefan Rust, founder of Laguna Labs, which develops DeFi projects, explained a few days ago.