After FTX and Alameda filed for Chapter 11 bankruptcy protection, Solana-based wrapped Bitcoin $soBTC and wrapped Ethereum $soETH, which are issued by FTX or Alameda, are no longer redeemable.
According to CoinGecko, $soBTC is trading at $3,066.83, and $soETH is trading at $1,115.31. Both are seriously depegged.
Ethereum
Bitcoin
Solana
FTX
Alameda Research
Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
For questions & inquiries
info@tokeninsight.com
For research & editorial
research@tokeninsight.com
