) applications in the ecosystem grew to $10 billion last November, with FTX founder Sam Bankman Fried among Solana’s chief proponents. That figure diminished with the broader crypto market contraction to sit at $1 billion on Nov. 2 this year, before shrinking dramatically to around $300 million with the FTX fallout. The more than 50% drop in the price of
, the network’s native token, has contributed to the fall. At the time of writing, SOL was priced at $14.64, compared with $32.64 at the start of this month.. FTX filed a motion to handle its overall group of entities rather than treating its various subsidiaries and arms as individual cases. The firm filed for bankruptcy on Friday, saying it had between $10 billion and $50 billion in assets and liabilities.
Market depth refers to the degree of an asset's resilience to large buy and sell orders. The greater the depth, the more liquid the market is and vice versa.
JamieCrawleyCD Well, I hold my crypto on bfx to be safe.
JamieCrawleyCD How is this hacker not publicly known yet?
JamieCrawleyCD
JamieCrawleyCD Yeah, 'Hacker'! Look like a gentle way to talk. Let's hope they'll discover who is behind this supposedly 'Hack'
JamieCrawleyCD We know who the hacker was....FTX itself or hummmm possibly our leadership.
JamieCrawleyCD Just out of curiosity, how do the “hackers” end up getting the money out.. if everything is visible on the blockchain, how do they convert it fiat and I assume, cash? Without the authorities knowing?
JamieCrawleyCD Hacker? 😂
JamieCrawleyCD SBF_FTX CEllisonsTumblr GaryGensler It’s time to take at least these two(Sam and Caroline) thieves into custody to preserve the situation and the remaining money.
JamieCrawleyCD So pe Oti Lo
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Source: CoinDesk - 🏆 291. / 63 Read more »