Pantera Capital, a venture capital firm based in California with its headquarters in Menlo Park, has reportedly emerged victorious once again in securing a bundle of discounted SOL tokens, this time from an auction orchestrated by the administrators overseeing the bankruptcy proceedings of the defunct FTX cryptocurrency exchange.

As per reports from Bloomberg, Pantera Capital recently acquired 2,000 SOL tokens in the auction, currently valued at approximately $288,000 at market prices. While the precise discount at which Pantera acquired these tokens remains undisclosed, sources indicate that they fetched a price higher than the previous auction's approximate rate of $60 per token.

While Pantera's successful bid is confirmed, details regarding other participants in the auction remain murky. However, previous auctions saw Pantera Capital and Galaxy Digital, another crypto-focused investment firm, acquiring a significant portion of the FTX estate's Solana tokens, comprising roughly two-thirds of a $2.6 billion stash.

The Solana tokens offered in the auction are believed to be subject to a predetermined vesting period, rendering them unavailable for immediate trading on the market. Nonetheless, the potential for over-the-counter (OTC) transactions involving these tokens remains uncertain.

During its operational zenith, FTX held a substantial reserve of approximately 60 million SOL tokens alongside 21,482 BTC. However, the exchange met its demise in November 2022 amidst allegations of embezzlement and misappropriation of customer funds, implicating its owners and affiliated hedge fund, Alameda Research. In a landmark legal ruling, Sam Bankman-Fried, the CEO of FTX, was sentenced to 25 years in prison and ordered to reimburse $11 billion in damages.