The relationship between Solana (SOL), a top-tier layer-one (L1) blockchain, and FTX and its sister firm, Alameda Research, continues to this day, nearly two years after its collapse. As the defunct cryptocurrency exchange prepares to repay the distressed investors beginning the upcoming fourth quarter, the company is expected to expedite its Solana sales to cover the needed funds.
Moreover, the court ordered FTX to repay the credit up to $16 billion, which the company intends to facilitate in stablecoins.
As Coinpedia previously reported, FTX has already begun receiving stablecoins, despite the possible legal hurdles from the US SEC on the matter.
FTX and Solana Sales
FTX and Alameda are expected to offload their Solana assets through an over-the-counter (OTC) desk to avoid hurting the market. Earlier this year, Pantera Capital highlighted that it intends to raise funds from investors to buy Solana from FTX at a discounted…
