FTX Bankruptcy Estate Stakes $150M in SOL and ETH to Earn Rewards

FTX bankruptcy estate staked $150M worth of SOL and ETH over the weekend
Over 5.5 million SOL worth $122M staked on Figment to earn 6.79% annually
Just over 24,000 ETH worth $30M staked directly on Ethereum to earn 3.4% annually
Staking locks up crypto to help maintain blockchain networks in return for rewards
FTX was an early SOL investor and regularly received large amounts from vesting schedule
FTX collapsed after revelations about its balance sheet in 2022
New FTX CEO criticized poor financial controls under Sam Bankman-Fried