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FTX and Alameda's downfall not only impacted their direct operations but also sent shockwaves through related companies and investment vehicles, including a $175 Solana has revealed its exposure to the bankruptcy of cryptocurrency exchange FTX. The smart contracts platform has seen the value of its native token SOL However, the foundation fact sheet detailed that Solana lost over $180 million in crypto assets. The blockchain platform Solana updated its website on Monday, 21 Financial ties with FTX highlighted; Solana Foundation held significant assets in the now-defunct exchange, impacting ecosystem stability.

Solana Foundation Reveals $160M Asset Exposure Before FTX Crash: Impact & Fallout

The blockchain platform Solana updated its website on Monday, 21. The update details the significant financial ties with FTX highlighted; Solana Foundation held significant assets in the now-defunct exchange, impacting ecosystem stability.

Solana has revealed its exposure to the bankruptcy of cryptocurrency exchange FTX. However, the foundation fact sheet detailed that Solana lost over $180 million in crypto assets, a figure adjusted from initial estimates.

The smart contracts platform has seen the value of its native token SOL impacted following news of the collapse.

FTX and Alameda's downfall not only impacted their direct operations but also sent shockwaves through related companies and investment vehicles, including a $175. While the exact figure is now closer to $160 million, the significant exposure raises concerns about the future of Solana and the broader crypto ecosystem.

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