SBF revealed during his criminal trial testimony that he began buying SOL very early on, at a price of $0.20 per coin. Regarding how he paid for his investment costs, he stated during questioning by his lawyer that the funds came from Alameda's operating profits and third-party loans. Due to the close relationship between SOL and SBF, SOL was once referred to as "Sam Coin". He and FTX made significant investments in the Solana ecosystem and heavily promoted the Solana brand before FTX went bankrupt in November of last year. According to the OKX market data from Europe, SOL reached its all-time high of $259.69 USDT in November 2021. SOL is currently trading at $31.846 USDT, with a 24-hour decrease of 2.12%.
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SBF: Used Alameda profits and third-party loans to purchase SOL at a unit price of US$0.20
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Cointime's Evening Highlights for May 24th
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The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%. -
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a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy
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SBF has been ordered to confiscate more than 11 billion US dollars. SBF has now been sentenced to 25 years in prison. -
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According to market news reported, court documents revealed that US prosecutors urged the judge to sentence SBF to 40-50 years imprisonment for FTX fraud.
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