Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Taylor Locke

'Ripping the bandaid'—Solana cofounders talk SBF, FTX, and what comes next

FTX Solana SOL Sam Bankman-Fried Anatoly Yakovenko Fortune

(Credit: Courtesy of Peter Garritano)

The crypto market is struggling—and that’s doubly true for projects associated with now-bankrupt crypto exchange FTX and disgraced former CEO Sam Bankman-Fried. Among them is Solana, the upstart blockchain that for a time looked poised to mount a serious challenge to Etheruem.

Bankman-Fried hyped Solana and its ecosystem frequently for years, both personally and through FTX. The bankrupt exchange held $982 million in SOL, according to its balance sheet.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Russia rejects second plague scare as WHO demands answers over Siberian lab deaths

Russia rejects second plague scare as WHO demands answers over Siberian lab deaths

In response to concerns over a second suspected plague case linked to a worker's death, Russia has denied these allegations. The World Health Organization is looking for more details on the illness that led to the worker's pneumonia. Kremlin spokesperson Dmitry Peskov denounced many media reports as false. Health officials…

The Times of India

Electric shock gloves deemed too painful by US Army are being rolled out by ICE

Electric shock gloves deemed too painful by US Army are being rolled out by ICE

An October 2024 US Army trial found that role-playing soldiers stopped resisting within seconds of being shocked, with test subjects reporting lingering fear and soreness

The Independent UK

Democrats sue to stop Trump from using taxpayer funds for self-promoting ads

Democrats sue to stop Trump from using taxpayer funds for self-promoting ads

Ads promoting the president have cost more than $12m so far and Trump’s Super Pac has refused to reimburse taxpayers

The Guardian - US

Rubio in Greece digs into past to tout Trump’s ‘America first’ approach

Rubio in Greece digs into past to tout Trump’s ‘America first’ approach

In the shadow of the Parthenon, the secretary of state gave a selective reading of history as he urged Europe to ‘awaken from its slumber’

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Pennsylvania Measles Outbreak Tops 1,000 Confirmed Cases as Lancaster Holds Steady and Mifflin County Reaches 118

Pennsylvania Measles Outbreak Tops 1,000 Confirmed Cases as Lancaster Holds Steady and Mifflin County Reaches 118

Pennsylvania passed 1,004 measles cases in 39 counties with 198 hospitalized. Where cases are rising and what families should check now.

Report offers new insight into Haitian gangs as general election looms

Report offers new insight into Haitian gangs as general election looms

A new report is offering fresh insight into how gangs in Haiti backed by political and economic actors operate in a country preparing for its first general elections in more than 10 years

The Independent UK

Related Stories

Top stories on inkl right now

Russia rejects second plague scare as WHO demands answers over Siberian lab deaths

Russia rejects second plague scare as WHO demands answers over Siberian lab deaths

In response to concerns over a second suspected plague case linked to a worker's death, Russia has denied these allegations. The World Health Organization is looking for more details on the illness that led to the worker's pneumonia. Kremlin spokesperson Dmitry Peskov denounced many media reports as false. Health officials…

The Times of India

Electric shock gloves deemed too painful by US Army are being rolled out by ICE

Electric shock gloves deemed too painful by US Army are being rolled out by ICE

An October 2024 US Army trial found that role-playing soldiers stopped resisting within seconds of being shocked, with test subjects reporting lingering fear and soreness

The Independent UK

Democrats sue to stop Trump from using taxpayer funds for self-promoting ads

Democrats sue to stop Trump from using taxpayer funds for self-promoting ads

Ads promoting the president have cost more than $12m so far and Trump’s Super Pac has refused to reimburse taxpayers

The Guardian - US

Rubio in Greece digs into past to tout Trump’s ‘America first’ approach

Rubio in Greece digs into past to tout Trump’s ‘America first’ approach

In the shadow of the Parthenon, the secretary of state gave a selective reading of history as he urged Europe to ‘awaken from its slumber’

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Pennsylvania Measles Outbreak Tops 1,000 Confirmed Cases as Lancaster Holds Steady and Mifflin County Reaches 118

Pennsylvania Measles Outbreak Tops 1,000 Confirmed Cases as Lancaster Holds Steady and Mifflin County Reaches 118

Pennsylvania passed 1,004 measles cases in 39 counties with 198 hospitalized. Where cases are rising and what families should check now.

Report offers new insight into Haitian gangs as general election looms

Report offers new insight into Haitian gangs as general election looms

A new report is offering fresh insight into how gangs in Haiti backed by political and economic actors operate in a country preparing for its first general elections in more than 10 years

The Independent UK

Our Picks

George Clooney ‘planning to open Italian restaurant in France’

The Oscar-winning actor is said to be preparing to open the eaterie near the Provençal estate where his family have established their home in France.

“Is Picking Your Nose Actually Bad For You? Human Anatomy Reveals A Surprisingly Nuanced Answer

Picking your nose might help you breathe more easily, but an anatomy video shows why scratching one particular area may be more dangerous than it appears.

Cigarette Smoke Reprogrammed Lung Stem Cells in Lab Models and Helped Steer Which Lung Cancer Type Formed

A Johns Hopkins lab study found that cigarette smoke primed lung stem cells for specific cancer types. What it shows and what it does not prove.

That Cute Squishy Toy Contains Water Beads — CPSC Says Stop Using It

A colorful squishy toy that looks like an innocent stress reliever may hide something parents cannot see: expandable water beads. About 37,000 Squishy Dumpling and Crazy Squib Ball toys were recalled on October 1 after regulators determined that their water beads could expand beyond federal limits and create a potentially…

Kids Ain't Cheap

103-year-old World War II veteran still runs a basement bar in Maryland that would be illegal to open today

At 103, World War II veteran Irvin Koch is still behind the counter at Irv’s Basement Bar in Maryland, a watering hole he has run since 1963. But there is a surprising reason his unusual home-based bar has survived for more than six decades: modern zoning rules would make it…

The Economic Times

Travis Barker hospitalised

Travis Barker has shared photos from hospital, where his wife, Kourtney Kardashian, and daughter, Alabama Barker, were by his side.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play