FTX Lawyers Want SBF Coins to Be Liquidated at Discounted Value
The legal battle over these “SBF Coins” takes place against the backdrop of Sam Bankman-Fried’s legal issues.
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Project Serum describes itself as a functional decentralized exchange with trustless cross-chain trading, at the speed and price that customers want. Despite living natively on Solana, it will be interoperable with Ethereum.
The legal battle over these “SBF Coins” takes place against the backdrop of Sam Bankman-Fried’s legal issues.
FTX’s asset portfolio currently exceeds $7 billion and includes various assets such as cash, brokerage investments, tokens, and real estate.
The Solana Foundation has 3.24M shares of FTX Trading LTD common stock, 3.43 million FTT tokens, and 134.54M SRM tokens.
Several Solana-based DeFi protocols started unplugging from Serum as they weren’t sure who wielded absolute control over it.
Mango Markets saw $114 million worth of crypto stolen by a group of exploiters by manipulating the price of the DEX’s native token MNGO.