The FTX estate has concluded its sale of the last Solana (SOL) tokens, valued at $2.6 billion, to Pantera Capital and Figure Markets, as part of their ongoing efforts to compensate creditors and former customers. The tokens were sold at a steep discount, sparking criticism from creditors who argue the digital assets should have been returned to them instead of being sold at low prices.
Despite the controversy, FTX has managed to recover $7.3 billion in assets, including the heavily discounted Solana tokens. An independent investigation into Sullivan & Cromwell’s role in the FTX bankruptcy proceedings found no evidence of collusion, but dissatisfaction among FTX creditors remains.
Following the announcement of the bankruptcy auctions, the price of Solana (SOL) dropped by 4%. However, Solana has shown strong price performance and continues to show resilience despite the turbulence.