Cryptocurrency investment trading group CoinShares has announced that it has assets on the FTX cryptocurrency exchange, which is currently experiencing liquidity difficulties.
The investment company clarified that it owns about 190 BTC and 1,000 ETH blocked on the crypto exchange. The total amount of blocked funds is about $4.3 million.
Coinshares emphasized that they requested a withdrawal of these funds even before FTX announced the withdrawal of assets, however, transactions are still pending processing. In addition to the indicated funds in cryptocurrencies, the company has about $25.9 million in USDC stablecoins and other assets worth $110,000.
The announcement was made to reassure Coinshares customers and investors that there is nothing to worry about. Company representatives claim that they are in a state of stable "financial health" and emphasize that Coinshares has nothing to do with Alameda Research or FTX.
“For the sake of transparency, we have decided to disclose our current position on FTX. To protect ourselves and our clients, we have substantially reduced our peg to this crypto exchange in response to increased volatility and uncertainty. The financial health of Coinshares remains strong,” said CEO Jean Marie Mognetti.
Earlier, the American venture capital company Sequoia Capital announced that it had suffered from the FTX liquidity crisis - the company decided to write off investments in the amount of $213.5 million.
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