Alameda Research Behind Solana Blockchain Halts?
Alameda Research News – As the Solana ecosystem continues its struggles with FTX links, speculation is increasing. Binance announced earlier that it would no longer be offering trading pairs for Serum tokens, which are linked to a Solana partnership. Solana’s price has lost more than 50% since the FTX collapse. There are no signs of recovery. The cryptocurrency could see a further decline in price due to the FUD surrounding FTX and Alameda Research.
Also read: Popular Analyst Predicts Bitcoin Price Risks to Fall to $10,000
Solana Halt: Alameda Pressure?
BitBoy, a crypto influencer, claimed that Alameda Research had transactions when Solana’s blockchain was stopped. In his latest tweet, BitBoy warned that those with positions in Solana must get rid of their assets. BitBoy claimed that Alameda Research swindled money and pressed for certain transactions during the blockchain halts. The investment by FTX in the blockchain project led to a significant drop in Solana’s price. BitBoy stated,
“Every time the Solana Blockchain paused, it was actually Alameda Research laundering money and brute forcing transactions.
Run for the hills if you’re in Solana (SOL).
Also read: Ethereum Price Prediction: Chain Metrics Point To A Short Squeeze Soon
Austin Federa, Solana’s head of communications, has denied the claim, stating that this is not how blockchains work. According to CoinMarketCap, the Solana (SOL), price is at $14.46 as of writing. This is an increase of 0.86% over the last 24 hours.
Multiple times in the past, the Solana blockchain experienced network outages. SOL experienced a major network disruption on October 1, 2022. The misconfiguration of a single node caused the network halt. Prior to this, the Solana network experienced an outage due an issue with its support structure. These network outages can cause transactions to be halted for several hours.
Also read: Binance Chief Increases Target for Crypto Recovery Fund to 2 Billion
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.