The Solana Foundation issued a fact sheet showing that as of November 6, the organization held about $1 million in cash on FTX and stated that these funds were "negligible" for its operations, accounting for less than 1% of its cash reserves. . The Solana Foundation has far greater losses in crypto assets, with roughly 3.43 million FTTs and 134.54 million SRMs held by the fund now trapped in FTX, for an exposure of $75.46 million and $107.6 million, respectively.
In addition, the Solana Foundation also holds $40 million worth of Sollet assets (such as soBTC) and 3.24 million shares of FTX common stock. However, the Solana Foundation clarified that USDC and USDT on the Solana chain are risk-free. These two stablecoins are issued directly by Circle and Tether respectively, and are currently fully anchored.
