PANews reported on October 16 that in court last week, former Alameda Research CEO Caroline Ellison told federal prosecutors that FTX developers could "turn on and off" the Solana blockchain at will. Subsequently, the Solana Foundation announced a bug bounty program for those who can find vulnerabilities that can shut down the blockchain. Jacob Creech, head of developer relations at the Solana Foundation, said: "There is a $400,000 reward for anyone who can find code that can shut down Solana. Please go find it."
It’s unclear how a single developer could realistically shut down a decentralized blockchain designed to prevent any one entity from taking control of it. However, a bounty program may be necessary to reassure the community that the system is not rigged — and further distance itself from the influence of FTX and SBF.
Solana and its on-chain SOL token were once the favorites of SBF, who was an active supporter of Solana development. Before the collapse of FTX, FTX provided a trading platform for Solana NFT and invested in multiple Solana-related projects.
