The wrapped token soBTC issued by FTX/Alameda can no longer be redeemed

ChainCatcher news, after filing for bankruptcy protection, the wrapped token soBTC issued by FTX/Alameda Research on the Solana chain has plummeted and is no longer redeemable. Additionally, the wrapped ETH on the Sollet wallet has dropped by 9%, with a current price of about $1138.

According to disclosures by the founder of the open-source portfolio tracker Rotkiapp on social media, many wrapped token assets on the Solana chain are held by FTX/Alameda Research, which means the related token rewards are no longer redeemable and may potentially go to zero in the future. (The Block)