Cryptocurrency organizations Genesis, Crypto.com and BlockFi assure their users that the event that happened to the FTX cryptocurrency exchange will not affect their assets.
Following the Binance CEO's announcement of the acquisition of FTX, Genesis Trading said the situation does not pose significant credit risks. Moreover, Genesis does not have access to tokens that were issued by CEX exchanges.
Marszalek noted that his company constantly adheres to the basic principle of operation, believing that the ratio of reserves should be 1:1. He also added that the crypto industry needs to regain lost trust by working several times harder. And he asked the regulators to "strengthen and protect" this area.
The collapse of FTX will not affect the BlockFi business either. The CEO of Coinbase sympathized with those involved in the situation with the FTX and Binance exchanges.
After the statement of the director of Binance about the sale of FTT tokens, the rumors about the purchase of the FTX exchange were there. This happened due to the fact that Bankman-Fried, who owns Alameda Research, must fulfill a loan obligation to the bankrupt company Voyager Digital.
