Is 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.
- FLOKI Makes History With First ETP in Europe as Price Surges 30%
- BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert
- Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury
- ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3
- MetaMask Gears Up for Major MASK Token Airdrop With Reward Points System Launch
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy