
QCP Capital Has at Least $97M Frozen at Defunct Exchange FTX
Inside sources at QCP Capital reported a sizable stake stuck with FTX as the ill effects of the exchange’s collapse prevail.
Inside sources at QCP Capital reported a sizable stake stuck with FTX as the ill effects of the exchange’s collapse prevail.
After the unprecedented downfall of FTX last month, Amber guaranteed its clients that it had no exposure to FTX’s token FTT or Alameda Research. But it did not acknowledge possessing ten percent of its trading capital invested in the exchange.
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Users of VKontakte can show these tokens in the form of avatars or in a special showcase in the profile by linking their crypto wallets to their accounts.
O’Leary emphasized that the share purchases and FTT token sales both affected FTX’s balance sheet.