Solana Labs COO Raj Gokal weighed in on the FTX crisis that will see its non-U.S. assets sold to Binance, calling it a “crucible moment” for the Solana ecosystem that has close ties to the collapsing crypto exchange.
“Binance seems to care about the ecosystem, but they have a lot of work on their hands,” he wrote on Twitter. “I’m hopeful they can work out a good deal with FTX.”
Image: CoinGecko.
“This crucible moment for the Solana ecosystem is as difficult as the last one,” Gokal wrote. “The difference is there are 10x more of us to band together this time. Next time, there will be 10x more. Each time, we’re stronger. The fundamentals are better.”
Solana Labs CEO Anatoly Yakovenko was keen to reassure the Solana community, tweeting: “Solana Labs, a U.S. corporation, didn’t have any assets on FTX.com, so we still have tons of runway, and luckily still a small team.”
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://www.theblock.co/post/184839/solana-labs-coo-says-this-is-a-crucible-moment-for-the-solana-ecosystem?utm_source=rss&utm_medium=rss