Solana dares anyone to turn the network off following recent claims
The post Solana dares anyone to turn the network off following recent claims appeared on BitcoinEthereumNews.com. Following rumors that SBF was involved in previous outages, the foundation has brought on a new challenge. SOL’s price increased and sentiment stayed positive. In a bid to either quench the rumor that anyone can switch off the Solana [SOL] network or find solutions to possible vulnerabilities, the Solana Foundation is offering $400,000 to any party that can find the codes that turn the network off. Realistic or not, here’s SOL’s market cap in ETH terms A bounty to prove right or wrong The details for this reward were shared by Jacob Creech, head of developer relations at the foundations. The offer is also part of Solana’s security bug bounty program. Fyi there’s a $400k reward for anyone that can find code that can turn off Solana Please go ahead and find ithttps://t.co/2oxcB0EEyx — Jacob Creech (@jacobvcreech) October 12, 2023 However, the need to put it out publicly could be linked to the recent claims in the Sam Bankman-Fried (SBF) trial. Needless to say, SBF, during his time as FTX’s CEO never hid his love for the Solana project. But an unconfirmed testimony in the case by Alameda Research CEO Caroline Ellison has spread around the crypto community. According to the report, Ellison claimed that FTX randomly turned off the Solana network at intervals during his reign. The report also stated that the action was done to favor Alameda’s trades. The result of the FTX downfall is still evident in Solana’s Total Value Locked (TVL) to date. At the height of the bull market in 2021, Solana’s TVL reached and surpassed $9 billion, The increase, at that time, meant that market participants could count on the blockchain. Therefore, it was almost a no-brainer to lock assets in the protocol. But at press time, Solana’s TVL was down to $312.73 million, meaning…
The post Solana dares anyone to turn the network off following recent claims appeared on BitcoinEthereumNews.com.
Following rumors that SBF was involved in previous outages, the foundation has brought on a new challenge. SOL’s price increased and sentiment stayed positive. In a bid to either quench the rumor that anyone can switch off the Solana [SOL] network or find solutions to possible vulnerabilities, the Solana Foundation is offering $400,000 to any party that can find the codes that turn the network off. Realistic or not, here’s SOL’s market cap in ETH terms A bounty to prove right or wrong The details for this reward were shared by Jacob Creech, head of developer relations at the foundations. The offer is also part of Solana’s security bug bounty program. Fyi there’s a $400k reward for anyone that can find code that can turn off Solana Please go ahead and find ithttps://t.co/2oxcB0EEyx — Jacob Creech (@jacobvcreech) October 12, 2023 However, the need to put it out publicly could be linked to the recent claims in the Sam Bankman-Fried (SBF) trial. Needless to say, SBF, during his time as FTX’s CEO never hid his love for the Solana project. But an unconfirmed testimony in the case by Alameda Research CEO Caroline Ellison has spread around the crypto community. According to the report, Ellison claimed that FTX randomly turned off the Solana network at intervals during his reign. The report also stated that the action was done to favor Alameda’s trades. The result of the FTX downfall is still evident in Solana’s Total Value Locked (TVL) to date. At the height of the bull market in 2021, Solana’s TVL reached and surpassed $9 billion, The increase, at that time, meant that market participants could count on the blockchain. Therefore, it was almost a no-brainer to lock assets in the protocol. But at press time, Solana’s TVL was down to $312.73 million, meaning…
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