Solana cryptocurrency is back in the spotlight after wallets associated with FTX and Alameda Research moved significant funds to exchanges.

Funds Withdrawal from FTX and Alameda

According to Solscan, a wallet linked to the bankrupt FTX and Alameda Research transferred 178,631 SOL worth approximately $28 million to 20 different addresses. These transactions spark interest in the future of the asset, as similar activities have been observed previously.

Valuable Solana Transactions

Analysts note that this wallet actively conducts such transactions on specific days each month. The wallet still holds 7.09 million SOL, valued at over a billion dollars. Such activity raises questions about the potential impact on Solana's price in the future.

Legal Aspects and Court Decisions

A US bankruptcy court has granted permission for FTX to implement a compensation plan for 98% of its customers using $16.5 billion in assets. This news might be accompanied by ongoing SOL withdrawals as part of restructuring. FTX founders Sam Bankman-Fried and Caroline Ellison have received relevant sentences due to financial misconduct.

The current events with Solana and the related financial and legal decisions highlight the complex market situation and legal consequences for market participants.