BitBoy, the million-subscribed Youtube channel, made ambitious statements about FTX. He said Solana is controlled by FTX and Alameda.
Was Solana Blockchain under Alameda’s control?
Million-subscriber Ben Armstrong, nicknamed BitBoy, claims that Alameda Research has full control of Solana. More rumors are emerging as the Solana ecosystem continues to receive criticism for its FTX connections. Binance has taken one of the most serious steps towards this. The leading exchange announced that it is suspending Solana-based Serum (SRM) operations. Immediately after that, he decided to remove the SRM token from his reserves. Amid this news, Solana, which was in the top 10 until the FTX collapse, remains under pressure. Concerns surrounding FTX and Alameda Research are driving buyers away from Solana. This leads to additional sales within the market as well as SOL, FTT and SRM. Solana’s price movements in the last days are as follows:
Alameda was laundering money in Solana cuts
BitBoy later claimed that Solana’s constant interruptions were due to corruption. Meanwhile, he said that Alameda had withdrawn funds from its own wallet. In his latest tweet, he also issued a warning advising those holding positions at Solana to sell their funds. BitBoy states that Alameda Research uses certain transactions to launder money and print while the blockchain is down. The Solana price has dropped significantly as a result of FTX’s investment in the Blockchain project. BitBoy noted in its new tweets:
Every time Solana paused… in fact, Alameda Research was doing money laundering and brute force operations.
Every time the Solana blockchain paused… it was actually Alameda Research laundering money and brute forcing transactions.
There are others out there receipts. And if you think about it… knowing what we know now, does this surprise anyone?
If you are in $SOL, run for hills
— Ben Armstrong (@Bitboy_Crypto) November 26, 2022
Meanwhile, Austin Federa, Solana’s head of communications, claimed that the network doesn’t work like that. But regular network outages leave the answers in the dark.
What happened in the Solana blackouts?
Solana has experienced multiple network outages before. The most influx was the outage on October 1, 2022. The reason for the outage was the misconfiguration of a single node operator. The Solana network had previously experienced an outage due to an issue with the support system. Meanwhile, transactions sometimes hang for a few hours. The network has repeatedly come up with such cuts since late 2021. Meanwhile, BitBoy claims that those holding the blockchain can do whatever they want. cryptocoin.comWe have included comprehensive explanations in this article.
Solana is dead folks. I’m sorry there no other way around it. The NFT community may be the last stand. I hate it for those folks. And the people who built on it.@VoomioNFT will be launching with $ETH, $MATIC, $ADA, & $SOL so we hope the NFT community fairs decent here.
— Ben Armstrong (@Bitboy_Crypto) November 26, 2022
In the latest development, BitBoy is traveling to the Bahamas to speak with Sam Bankman-Fried. The crypto phenomenon is currently waiting outside SBF’s luxury homes in the Bahamas. He insists on talking to SBF to find out what he has to say about what happened. He also wants SBF to unblock him on Twitter.
