Cryptocurrencies
FTX to Auction Off More Solana Tokens This Week, Potential Bidders Say
- Sales stem from the unraveling of Sam Bankman-Fried’s exchange
- Results from the blind auction are expected Thursday
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The bankruptcy estate of the failed FTX cryptocurrency exchange plans to auction off another unspecified amount of Solana tokens this week, according to people familiar with the sale.
A “blind auction” will be held for the next batch of SOL, according to two people familiar with the process who asked to remain anonymous. The auction has a Wednesday deadline and the results will be announced on Thursday, one of the people said. In a recent monthly operating report, FTX disclosed it sold about $307.6 million of SOL and ZBC tokens in March. April sales results haven’t been released yet. A spokesperson for the estate declined to comment.