In a message posted on Twitter on November 15, the corporation claimed that its direct exposure to FTX, the exchange, was constrained to mid-seven figures held in custody. It did not give a precise amount. The letter further said that the company is still in business and is still funding new businesses.
In October of last year, Sino made its first fund accessible to outside investors. It is well known that the company is a significant funder of FTX and FTX-adjacent initiatives like Solana and Serum. The letter said:
“Like many of you, we trusted FTX to be a good actor committed to pushing the industry forward. We deeply regret that misplaced trust.”
FTX is known as the anchor investor in Sino’s first external fund. Currently, the exchange is “in the sights” of government organizations along with the SEC, and CFTC.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
This website uses cookies.