1 year ago
Sam Bankman-Fried erstwhile infamously offered to bargain each the Solana tokens helium could for $3 each. On Friday, portion testifying astatine his transgression trial, helium revealed he'd really started buying SOL overmuch earlier successful its history, astatine 20 cents apiece.
Regarding however helium paid for the investments, helium said during questioning from his lawyer: "I believed the funds came from Alameda’s operating profits" arsenic good arsenic third-party lenders.
SOL has been described arsenic a "Sam Coin" owed to its adjacent relation with Bankman-Fried. He and his companies invested heavy successful Solana-based projects and assets, and evangelized its marque anterior to FTX's illness past November.
The exchange's downfall wreaked havoc connected the Solana ecosystem; the blockchain's assemblage has been trying to shingle his shadiness ever since.
Bankman-Fried's grounds amounted to an effort by defence lawyer Mark Cohen to get his lawsuit to amusement that helium did "due diligence" connected investments helium made portion moving FTX and Alameda, but national authoritative Danielle Sassoon "objection-ed" it down.
SOL traded astatine $32 astatine property clip Friday.
Edited by Nick Baker.
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