Is Alameda Research Behind Solana Blockchain Halts?

Alameda Analysis Information: Because the Solana ecosystem continues to face the flak as a consequence of its FTX hyperlinks, extra hypothesis is popping out. Earlier, Binance introduced eradicating buying and selling pairs for Serum token, which is linked with a Solana partnership. After shedding greater than 50% in worth after FTX collapse, Solana price is hardly displaying indicators of restoration. With no finish to the FUD round FTX and Alameda Analysis, the cryptocurrency may very well be up for additional drop in value.

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Solana Halt: Alameda Stress?

In a contemporary, crypto influencer BitBoy claimed that Alameda Analysis held transactions when Solana blockchain was halted. He additionally warned in his newest tweet saying those that have positions in Solana ought to do away with the property. BitBoy stated Alameda Research laundered cash and pressurized with some transactions throughout the blockchain halts. The Solana value dropped closely due to FTX’s funding within the blockchain undertaking. BitBoy stated,

“Each time the Solana blockchain paused… it was truly Alameda Analysis laundering cash and brute forcing transactions.

If you’re in Solana (SOL), run for hills.”

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In the meantime, Austin Federa, head of communications at Solana, denied it saying that isn’t how blockchains work. As of writing, Solana (SOL) value stands at $14.46, up 0.86% within the final 24 hours, based on value monitoring platform CoinMarketCap.

Community Outages

The Solana blockchain confronted community outages on a number of events prior to now. Very lately on October 1, 2022, SOL suffered a serious community outage. The halt was as a consequence of misconfiguration in a single node. Previous to that, the Solana community had an outage as a consequence of a problem with the assist construction. These community outages contain halting of transactions for a number of hours.

Additionally Learn: Binance Chief Doubles the Target for Crypto Recovery Fund to $2 Billion

Anvesh reviews main developments round crypto adoption and buying and selling alternatives. Having been related to the trade since 2016, he’s now a powerful advocate of decentralized applied sciences. Anvesh is at the moment based mostly in India. Comply with Anvesh on Twitter at @AnveshReddyBTC and attain him out at [email protected]

The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.