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Friday, February 3, 2023
HomeBlockchainAlameda Research Behind Solana Blockchain Halts, BitBoy Claims

Alameda Research Behind Solana Blockchain Halts, BitBoy Claims


Alameda Research News: As 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 value is hardly exhibiting indicators of restoration. With no finish to the FUD round FTX and Alameda Research, the cryptocurrency could possibly be up for additional drop in value.

Also Read: Popular Analyst Predicts Bitcoin (BTC) Price Risks Fall To $10,000

Solana Halt: Alameda Pressure?

In a contemporary, crypto influencer BitBoy claimed that Alameda Research 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 venture. BitBoy stated,

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

If you might be in Solana (SOL), run for hills.”

Also Read: Ethereum Price Prediction: On Chain Metrics Point To Short Squeeze Soon

Meanwhile, 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, in accordance with value monitoring platform CoinMarketCap.

Network 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. Prior to that, the Solana community had an outage as a consequence of a difficulty with the help construction. These community outages contain halting of transactions for a number of hours.

Also Read: 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 business since 2016, he’s now a robust advocate of decentralized applied sciences. Anvesh is presently primarily based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and attain him out at [email protected]

The introduced content material could embody 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 duty on your private monetary loss.


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