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Solana co-creator Anatoly Yakovenko says that SOL tokens sitting within the reserves of FTX must be redistributed to the bankrupt crypto change’s former clients.
Practically a 12 months after its chapter, Solscan knowledge exhibits that FTX nonetheless holds practically seven million SOL tokens in a collection of chilly storage wallets, value about $135 million at present costs.
On social media platform X, Yakovenko says that giving a big stack of SOL tokens to tens of millions of latest customers wouldn’t solely assist make FTX customers entire but in addition additional profit the Solana community, presumably via onboarding and decentralizing.
“My want could be to distribute the SOL to all of the FTX clients straight. In all probability the least worst final result for everybody…
And getting it distributed to five million customers would profit the community over the long run. Win-win in my sincere opinion.”
Yakovenko, also referred to as Toly, says that the SOL distribution would in all probability be extra environment friendly than the drawn-out authorized course of that FTX has been going via.
“Looks like it will have been a a lot sooner course of and with much less authorized overhead if every part was simply evenly break up throughout all of the customers and let every consumer do what they may.”
Because of FTX’s giant SOL holdings, Solana was disproportionately affected by the disgraced change’s collapse final 12 months, pushing the Ethereum (ETH) rival all the way down to $8 after buying and selling at $260 only a 12 months prior.
At time of writing, SOL is buying and selling for $19.35.
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