The $1.9 billion of SOL previously sold by FTX will be locked for four years and cannot be sold

FTX sold up to 30 million SOL to venture capital companies such as Pantera Capital and Galaxy Trading at a price of $64 per coin, a significant decrease of 62% from the current market price. The SOL will be locked for four years and cannot be sold. The transaction is expected to bring FTX about $1.9 billion in revenue and is positioned as an important step in repaying creditors. However, those affected by the exchange's collapse have a negative view of the transaction. Sunil Kavuri, one of the affected individuals, stated that this sale has resulted in the loss of billions of dollars in value for FTX's creditors and accused the company's bankruptcy lawyer, Sullivan Cromwell, of placing clients below creditors by disposing of what he believed to be "property" of the creditors.