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Amber Group Has Less Than 10% Of Its Trading Funds In FTX

Cryptocurrency companies have confirmed the status related to the collapsed electronic exchange FTX, Amber Group has also verified the company’s information.

Although Amber Group claimed to have no exposure to Alameda or FTT, it has been a frequent trader on FTX, and less than 10% of its total trading capital is invested there.

Binance CEO has also introduced requirements for crypto exchanges to prove their reserve assets in order not to repeat the case of FTX. Accordingly, major companies in the industry also spoke out to confirm their exposure to FTX.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.