Which institutions' money is still in FTX?

Original title: Who Still Has Exposure to FTX?

Original compilation: Leo, BlockBeats

BlockBeats news, on November 10, Binance officially issued a document stating that based on the results of the company’s due diligence, as well as the latest reports on improper handling of customer funds and investigations by so-called US agencies, it has decided not to pursue a potential acquisition of FTX . Initially, Binance hoped to support FTX's customers and provide liquidity, but these issues were beyond Binance's control or ability to help.

Bankruptcy issues force FTX to accept Binance non-binding takeover bid fails turmoil. FTX suspended withdrawals on Tuesday, but some peers and major trading institutions still have assets frozen in FTX.

Genesis

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Responding to Tuesday’s market volatility, crypto lender Genesis tweeted that it hedged and sold collateral, causing it (among all counterparties, including Alameda) The total loss was about $7 million.

Genesis reaffirms that it has no significant exposure to FTX’s token FTT, nor does it have any relationship with FTX lending relationship. There are trading relationships between exchanges — “among other exchanges” — but the exposure “has no impact on our ability to serve clients.” It is reported that Genesis and CoinDesk belong to the same parent company: Digital Currency Group.

Wintermute

Crypto market maker Wintermute provides liquidity to crypto exchanges once initial solvency concerns were raised , reducing exposure to FTX.

Wintermute tweeted that there are unprocessed assets on FTX, noting that " While not ideal, the amount is within our risk tolerance range and would not have a material impact on our overall financial position.”

Multicoin Capital

According to The Block, Multicoin Capital managing partners Kyle Samani and Tushar Jain said in a letter to the fund's LP on Tuesday that about 10% of the fund's assets under management (AUM) are still on FTX Awaiting withdrawals, Multicoin was able to move about 24% of its FTX holdings before the suspension of withdrawals took effect, with frozen assets including BTC, ETH, and USD.

Amber Group

Amber Group has no exposure to Alameda or the FTT token, but the company has been an active participant on the FTX trading platform.

The company said: "Although we have significantly reduced However, there are still withdrawals that have not been processed.” The firm noted that the frozen assets represent less than 10% of Amber Group’s total trading capital and do not “pose a threat to our business operations or liquidity.”

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