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CoinDesk

2022-11-11 19:47:41

Solana’s Wrapped Bitcoin Price Craters After FTX Shuts Exit Ramp

Solana’s Wrapped Bitcoin Price Craters After FTX Shuts Exit Ramp

A Solana-based crypto asset tied to the price of bitcoin collapsed in value Friday after CoinDesk reported that FTX US – the only venue left to exchange it for real bitcoin – had frozen withdrawals.

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