FTX Bankruptcy Estate Concludes $2 Billion Solana Sale At Steep Discounts
Summary
The bankrupt FTX estate completed the sale of $2.6 billion worth of discounted Solana (SOL) tokens, with Figure Markets and Pantera Capital among the buyers. Figure Markets acquired 800,000 SOL tokens at a discounted price of $102 per token. The 41 million SOL tokens sold are subject to a vesting period over four years. FTX's repayment plan aims to fully compensate creditors and customers, with settlements proposed for the IRS, CFTC, and other creditors. SOL is currently valued at $167, up 780% year-to-date.
