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soBTC, issued by FTX or Alameda on Solana, is not callable and trading prices have plummeted

BlockBeats news, November 12, according to the Sollet interface bulletin, soBTC issued by FTX or Alameda on Solana is now not callable, the current price of soBTC plunged 77%, trading at only $3,866. In addition, soETH on Sollet Wallet is down 9% and currently trading at just $1,138. The founder of Rotkiapp, an open source portfolio tracker, said in a post on social media that the Solana chain's encapsulated Token assets are all hosted by FTX/Alameda Research, which means the related tokens will no longer be redeemable and may be zeroed out in the future.

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