Crypto Firms Rush to Deny Exposure to Alameda, FTX

[Google News Bot]

It has been a mad rush for firms to distance themselves from the latest FTX fallout. Several crypto firms have taken to Twitter in the last two days to deny exposure to FTX or its affiliated companies after commercial rival Binance swooped in to bail out the ailing centralized exchange (CEX) headed by thirty-year-old billionaire Sam Bankman-Fried. Institutional trading firm Genesis and crypto exchange Coinbase were the first to break their silences yesterday. Coinbase CEO Brian Armstrong announced via Twitter that his company held no FTT tokens (tokens native to the FTX exchange) ...

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