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Kraken Maintains It Has No Exposure To Alameda Despite Holding FTT Tokens

Another crypto exchange denied involvement in the FTX crisis, this time Kraken.

Kraken Maintains It Has No Exposure To Alameda Despite Holding FTT Tokens 4

The troubled exchange FTX’s native token, FTT, is held by cryptocurrency exchange Kraken, which claimed to have no exposure to Alameda Research.

Source: Kraken

In the wake of Binance’s cancellation of the FTX acquisition agreement, it seems that the concern with the FTT token is becoming more pronounced as its price has dropped by more than 50% today.

FTT daily chart. Source: Coincu

However, Justin Sun suddenly said that he was looking for a solution for Sam Bankman-Fried’s exchange.

In addition, other crypto companies such as Tether, BitMEX, or Amber Group also confirmed that they are not compatible with FTX and Alameda.

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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.