Den Alameda-gestützte Handelsgeschäft Folkvang seet et kann 'einfach absorbéieren' Hit aus FTX Beliichtung

Crypto trading shop Folkvang has some assets locked on FTX that it has used to facilitate trading, but can “easily absorb this hit.”

D 'Firma erausginn a statement on Twitter outlining its exposure, alongside a number of other trading firms, including GSR an Moses.

“Folkvang is highly liquid and extremely solvent,” it said. “Folkvang does hold some assets on FTX to facilitate trading; thankfully, we are well diversified and not exposed to any single point of failure, including FTX.”

FTX ugekënnegt datt et virdru dës Woch mat enger Liquiditéitskris stoung an datt et vum rivaliserende Austausch Binance kaaft ginn. Den Deal mat Binance ass duerchgefall Mëttwoch. En Donneschdeg huet de FTX CEO Sam Bankman-Fried sech entschëllegt a gesot datt hie géif kucken den Handel bei der Schwësterfirma Alameda Research oflafen

Folkvang is a crypto quantitative trading firm and liquidity provider that trades across major coins and exchanges, according op seng Websäit. It was founded in 2020 and its only listed outside investor is Alameda Research, according to Daten aus Crunchbase.

The firm’s CEO and head of trading, Mike van Rossum, was bezeechent ginn to as a “key player” on the FTX exchange by Bankman-Fried when Alameda made its investment in 2020.

There has been crypto twitter speculation that Folkvang might be heavily impacted by the financial woes of FTX and Alameda Research.

Still, the firm said: “It has been a very dark and difficult few days for crypto.” It added: “We are absolutely shocked and saddened by the events of the week but have full faith that we can come out of this stronger. “

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Source: https://www.theblock.co/post/185879/alameda-backed-trading-shop-folkvang-says-it-can-easily-absorb-hit-from-ftx-exposure?utm_source=rss&utm_medium=rss