The Tensor Foundation is the developer of Vector.fun, which was acquired by Coinbase today.
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TL;DR
Tensor Foundation developed Vector.fun, which Coinbase acquired today. The foundation remains independent, but its recent acquisitions have raised insider trading concerns.
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Liquid Staking DerivativesDeFiTensor FoundationVector.funCoinbaseSolanainsider trading
According to Mars Finance, on November 21st, Tensor Foundation documents revealed that the Tensor Foundation is the developer of Vector.fun, a trading platform within the Solana ecosystem. Today, Coinbase announced its acquisition of Vector.fun, stating that the Tensor Foundation will remain independent of Coinbase. Earlier this evening, it was reported that the Tensor Foundation announced the acquisition of Tensor Marketplace and Tensorians NFTs, raising questions about insider trading.