FTX, once among the leading cryptocurrency exchanges, went bankrupt in November 2022.
After this bankruptcy, there was a huge decline in Bitcoin and altcoins and investors suffered huge losses.
At this point, while investors were focusing on the statements from FTX, a new statement came.
Stating that it moved Solana (SOL) and other altcoins from existing wallets to BitGo, FTX stated the following in its statement:
“FTX is actively bridging tokens from various blockchains to its native blockchains.
FTX is also in the process of moving SOL and other tokens from existing wallets to BitGo, FTX's qualified custodian.”
*This is not investment advice.