Avalanche Foundation Has 'No Significant Exposure' to FTX or Alameda
Nov 10,2022,03:22
The Avalanche Foundation released a statement, saying it has "no significant exposure to FTX or Alameda".
According to the statement, the Avalanche Foundation did not custody any significant amount with FTX. Less than 0.02% of the treasury's assets, comprising some illiquid tokens, were on the exchange. It reads, "the Foundation does not leverage assets for speculation. It does not risk the future for short-term gains. It does not engage in 'financial engineering' of the kind seen on FTX and Alameda balance sheets."
