An Ethereum enthusiast, known as Ethprofit, has accused the Solana Foundation of misappropriating user funds and manipulating transaction data. Ethprofit claims that the Solana Foundation has unilateral control over 1 petabyte of archive data, which could potentially allow for record alterations.
In response to these allegations, Solana founder Anatoly Yakovenko defended the integrity of the blockchain, describing SOL as 'the new oil.' The accusations have coincided with a decline in Solana's price, which has fallen to $202.18 amid a broader market downturn.
Ethereum Enthusiast Alleges Solana Foundation of Fund Misappropriation
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