Previously reported, the FTX restructuring team still had 41 million SOL awaiting liquidation earlier this year and opted for Galaxy Asset Management as its token liquidator. Around early April, about 30 million SOL tokens had changed hands (approximately $1.9 billion). This sparked strong criticism from FTX creditors, as the institutional cost of SOL was only $64, while creditors maintained a conversion price of $16.
Figure Markets to Participate in FTX's SOL Auction, Opening Community Micro-Investments