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Fortune

Taylor Locke

The latest on Solana, Serum, other ‘Sam coins’ amid FTX fallout

FTX Serum Solana SOL Sam BankmanFried SRM Fortune

(Credit: Illustration by Fortune)

The fallout from the collapse of Sam Bankman-Fried’s FTX continues to rattle so-called Sam coins and projects, including Solana’s SOL and Solana-based “decentralized” exchange Serum.

For years, Solana has been a favorite of Bankman-Fried’s, FTX, and Alameda Research, a trading firm Bankman-Fried also founded. According to an FTX balance sheet shared with investors just before the firm filed for bankruptcy, the exchange held $982 million in SOL.

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