BlockBeats News, August 9th, FlashTrade, the perpetual contract protocol founder Anas announced the closure of the project and is seeking to sell the existing technology stack to compensate FAF holders.

He attributed the reason for the shutdown to severe internal team disputes, market contraction, and long-term lack of profitability, stating, "What personally hurt me the most was the foundation's indifference to us," mentioning that the Solana Foundation only fully supports one team as it believes this will contribute to Solana's success. Anas also emphasized that he does not blame the foundation for the project's failure and admitted to being overly emotional about it.

Solana co-founder Anatoly Yakovenko later responded, saying, "The foundation cannot determine the success of a product. Its main role is to assist with GTM and expand exposure at the product launch. Whether the attention can eventually be converted into users depends on the product itself."