Tether, Circle and Coinbase deny having exposure to FTX and Alameda

Tether CTO Paolo Ardoino said that though Alameda redeemed a lot of USDT, no credit exposure has matured.

rumors of the firm having exposure to FTX and Alameda. The stablecoin executive said that their firm does not have any material exposure to both firms.

Allaire highlighted that while both FTX and Alameda have been customers of Circle, the stablecoin issuer has not made loans, received FTX tokens as collateral or taken any positions on FTT.its users that the firm has no material exposure to FTX or FTT. Armstrong also highlighted that the crypto exchange has no exposure to Alameda. The exchange executive also criticized the event as a result of risky business practices such as the misuse of customer funds and conflicts of interest.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tether CTO denies exposure to FTX and Alameda after exchange's forced sale'Tether does not have any exposure to FTX or Alameda,' Ardoino tweeted, adding: '0. Null. Maybe is time to look elsewhere. Sorry guys. Try again.'
Read more »

Stablecoin Issuer Circle Plays Down FTX, Alameda Exposure.circle CEO jerallaire played down the stablecoin issuer's exposure to FTX_Official and AlamedaResearch amid concerns surrounding FTX's investments in other crypto firms, like Circle. By parikshitm899
Read more »

FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to BitcoinThe FTX exchange’s FTT token dump could theoretically wipe out billions from Alameda's balance sheet, deepening its financial woes, according to an analyst. Bitcoin (BTC) hits 23-month low. sndr_krisztian reports
Read more »

FTX/Alameda Questions Hold the Spotlight as US Midterm Election, Inflation Data LoomMarket Analysis: A drop below $22 could mean a more significant ride down for FTT. GWilliamsJr_CMT reports
Read more »

Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, AlamedaSolana’s SOL was a big loser in digital-asset markets on Sunday and Monday. Analysts speculate there might be a link to the recent drama surrounding Binance and Sam Bankman-Fried’s FTX and Alameda Research. _jocelynyang_ reports
Read more »