Cumberland Speaks Out That The Company Is Not Involved In FTX
In this turbulent environment, Cumberland stated on Twitter that it is instead concentrating on providing for its counterparties.
FTX, the cryptocurrency exchange led by Sam Bankman-Fried, has come to an agreement to be acquired by Binance. This leads to a crisis in the crypto market at the moment. Binance CEO Changpeng Zhao has asked exchanges to come up with proof-of-reverse to strengthen user confidence.
Other companies such as Genesis, Crypto.com, and Tether have also stated that they are not exposed to FTX.
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