Original compilation: Leo, BlockBeats
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.
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Genesis
In response to Tuesday's market volatility, crypto lender Genesis tweeted that it hedged and sold collateral, resulting in a total loss of about $7 million (across all counterparties, including Alameda).
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Wintermute
Crypto market maker Wintermute, which provides liquidity to crypto exchanges, reduced its exposure to FTX once initial solvency concerns were raised.
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Multicoin Capital
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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.
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