The Solana Foundation lost over $180 million in cryptocurrency assets due to the FTX bankruptcy

ChainCatcher news, the Solana Foundation's statement shows that as of November 6, the organization held approximately $1 million in cash on FTX and stated that these funds are "insignificant" to its operations, accounting for less than 1% of its cash reserves. However, the Solana Foundation's losses in crypto assets are much larger, as the foundation holds approximately 3.43 million FTT and 134.54 million SRM, which are now trapped on FTX, with risk exposures 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, as these two stablecoins are directly issued by Circle and Tether, and are currently fully pegged. (source link)