# Forward Industries Denies $123 Million SOL Transfer Amid Stake Withdrawal

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/57654
Published: 2026-11-15T02:51:12.000Z
Updated: 2026-11-15T02:51:12.000Z
Section: Investing

> Blockchain records show 1.78 million SOL left staking, but ownership of the wallets remains disputed.

Blockchain trackers linked a 1.78 million SOL stake withdrawal, valued at $123 million, to Forward Industries; the company denied making the transfer.

The withdrawals are visible on the Solana blockchain, but ownership of the wallets remains disputed. The chain record confirms that the tokens moved out of staking, but ownership of the wallets remains disputed. That distinction leaves the company connection unconfirmed despite the transaction’s scale.

The disputed activity was valued at $123 million and involved a major Solana treasury. The company’s denial challenges the link between it and the withdrawal, while the on-chain movement itself is established. The token count and dollar value describe the same activity, rather than two separate transfers.

The central question is who owned the wallets behind the 1.78 million SOL withdrawal. Until that link is resolved, the movement cannot be treated as a confirmed transfer by Forward Industries. The episode highlights the difference between tracking a token movement and identifying the party responsible for it.