FTX Appoints Galaxy Digital To Manage Crypto Holdings
Galaxy Digital will act as an advisor to help hedge and sell FTX's crypto holdings.
![image Alex](https://image.coinlive.com/24x24/cryptotwits-static/3a11cdc0811cb1966908be0d48c0f13d.png)
Galaxy Digital will act as an advisor to help hedge and sell FTX's crypto holdings.
Former FTX CEO Sam Bankman-Fried, who is facing fraud charges, was a big Solana proponent.
Mdm Ho Ching wrote in a Facebook post that the write down of Temasek's full investment in cryptocurrency firm FTX is an "egg on the face"
While it had no financial exposure to the fallen exchange, Metaplex appears to be suffering from reputational damage spreading to Solana.
The token, grappling with the market contagion, is down 4% in the past 24 hours.
Open interest has doubled to $203 million, with bearish bets in demand, as Binance's entry into the FTX-Alameda drama has caused panic among investors.
Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.
Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet
FTX Token has now become the largest token holding among the top 100 Ethereum whales, second only to their ETH ...