TechFlow News — Avalanche tweeted that it has no significant exposure to FTX or Alameda. The Avalanche Foundation does not hold any substantial funds on FTX, with less than 0.02% of its treasury assets (including some illiquid tokens) listed on the exchange. Additionally, Avalanche has never sold tokens in private token sales to these companies.
Avalanche stated that the Foundation does not speculate with its assets nor take risks for short-term gains, and will never engage in the kind of "financial engineering" seen on the balance sheets of FTX and Alameda. It expressed sympathy for those adversely affected by the current situation and hopes everyone can recover their assets.Source link
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