Kraken Unaffected by FTX Developments
Kraken's Statement on FTX Situation
Cryptocurrency exchange Kraken has confirmed that it is not materially affected by the recent developments surrounding FTX. The company emphasized that it has no exposure to FTX CEO Sam Bankman-Fried's trading firm, Alameda Research.
FTT Token Position
Kraken clarified that it has not listed the FTT token on its spot or futures exchanges. However, the exchange holds approximately 9,000 FTT tokens on the FTX platform. This positions Kraken as a minor holder of FTT tokens.
FTX's Current Status
Meanwhile, FTX CEO Sam Bankman-Fried has informed employees that he is exploring all available options for the firm. This follows the collapse of a potential deal with cryptocurrency exchange Binance on Wednesday.
Kraken's statement underscores its independence from FTX's financial dealings and reinforces its stability amid industry challenges.
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