soBTC Issued By FTX Is No Longer Redeemable
Over the past 24 hours, the price of wrapped Bitcoin on Sollet (soBTC) has decreased by 47.5%. According to CoinGecko, its current price is $8,064, a far cry from the price of native Bitcoin’s current $16,890.
The founder of open-source portfolio tracker Rotkiapp stated on Twitter that many Solana-wrapped assets were held by FTX or Alameda:
There are currently rumors that FTX is trying to get users’ funds after a recent $600 million hack on this exchange.
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