FDV No Longer A Meme
Nov 22, 2022
• 11
Min Read
In light of recent events, it’s safe to assume that crypto winter has come to an end and that we have officially entered crypto’s ice age. SBF et al not only defrauded investors of Alameda Research and customers of FTX, their actions also destroyed ~600m in TVL from the Solana ecosystem.
Wrapped assets lost their peg because the collateral was held by the intertwined firms. soBTC lost 95% of value since FTX held the underlying bitcoin and was ...Finish reading this report for free
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