Wrapped based Solana tokens going to zero-

[The_Krakenite]

Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemable

Many Solana-wrapped assets were custodied by FTX or Alameda, according to open-source portfolio tracker Rotkiapp's founder on Twitter, which added: "That means they are no longer redeemable and will probably go to 0." Pseudonymous crypto writer Aylo also noted that "Solana DeFi will have to absorb this loss."

https://www.theblock.co/post/186326...nger-redeemable?utm_source=rss&utm_medium=rss


That said, I really have no clue why someone would STILL own Solana especially after the Merge was successful. But when you keep tempting fate by staying invested in a dead-end tech, you eventually get what you ask for...