Avalanche Foundation Has 'No Significant Exposure' to FTX or Alameda

The Avalanche Foundation released a statement, saying it has "no significant exposure to FTX or Alameda".

According to the statement, the Avalanche Foundation did not custody any significant amount with FTX. Less than 0.02% of the treasury's assets, comprising some illiquid tokens, were on the exchange. It reads, "the Foundation does not leverage assets for speculation. It does not risk the future for short-term gains. It does not engage in 'financial engineering' of the kind seen on FTX and Alameda balance sheets."

Source

Avalanche

FTX

Alameda Research

In This Article

Related News
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims
FTX Aims to Begin to Repay Customers by the End of 2024 FTX Aims to Begin to Repay Customers by the End of 2024
ANZ Banking Group and Chainlink Tested Tokenised Asset Settlement on Avalanche and Ethereum ANZ Banking Group and Chainlink Tested Tokenised Asset Settlement on Avalanche and Ethereum
Latest News More More
12 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open