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Kraken Freezes Accounts Owned By FTX Group

With the collapse of the Sam Bankan-Fried empire, many crypto companies have limited their involvement in FTX as little as possible. Kraken is one of them, as it is actively defending itself.

Kraken Freezes Accounts Owned By FTX Group 2

Crypto exchange Kraken announced on Twitter that it has spoken with law enforcement regarding a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. The exchange also said that it maintains full reserves.

Previously, Kraken also confirmed that the exchange has no contact with FTX’s sister company, Alameda, although it still holds some FTT tokens on the FTX exchange.

The exchange’s announcement comes after FTX, FTX US, and Alameda filed for Chapter 11 bankruptcy. This event has brought many consequences for the cryptocurrency market.

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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.