MEXCIs Alameda Research Behind Solana Blockchain Halts?
https://coingape.com/sbf-ex-girlfriend-caroline-ellison-to-testify-in-upcoming-trial/Alameda Research News: As the Solana ecosystem continues to face the flak due to its FTX links, more speculation is coming out. Earlier, Binance announced removing trading pairs for Serum token, which is linked with a Solana partnership. After losing more than 50% in value after FTX collapse, Solana price is hardly showing signs of recovery. With no end to the FUD around FTX and Alameda Research, the cryptocurrency could be up for further drop in price.
Also Read: Popular Analyst Predicts Bitcoin (BTC) Price Risks Fall To $10,000
Solana Halt: Alameda Pressure?
In a latest, crypto influencer BitBoy claimed that Alameda Research held transactions when Solana blockchain was halted. He also warned in his latest tweet saying those who have positions in Solana should get rid of the assets. BitBoy said Alameda Research laundered money and pressurized with some transactions during the blockchain halts. The Solana price dropped heavily thanks to FTX’s investment in the blockchain project. BitBoy said,
“Every time the Solana blockchain paused… it was actually Alameda Research laundering money and brute forcing transactions.
If you are in Solana (SOL), run for hills.”
Also Read: Ethereum Price Prediction: On Chain Metrics Point To Short Squeeze Soon
Meanwhile, Austin Federa, head of communications at Solana, denied it saying that is not how blockchains work. As of writing, Solana (SOL) price stands at $14.46, up 0.86% in the last 24 hours, according to price tracking platform CoinMarketCap.
Network Outages
The Solana blockchain faced network outages on multiple occasions in the past. Very recently on October 1, 2022, SOL suffered a major network outage. The halt was due to misconfiguration in a single node. Prior to that, the Solana network had an outage due to an issue with the support structure. These network outages involve halting of transactions for several hours.
Also Read: Binance Chief Doubles the Target for Crypto Recovery Fund to $2 Billion
In a latest development, BitBoy is on a tour to Bahamas in an attempt to have a conversation with Sam Bankman-Fried. The crypto influencer is currently outside SBF home in Bahamas.
- Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- $2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments
- Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
