Kraken reports no dealings with Alameda Research

The cryptocurrency exchange Kraken holds roughly 9,000 FTX (FTT) utility tokens on its balance sheet, but does not interact with Sam Bankman-Fried’s Alameda Research. The company said this in its blog.

“We did not add FTT to the listing. […] Events around FTX have not significantly affected Kraken, — the statement said.

The company notes that as far back as 2014 it struck a deal with Armanino, a top-25 auditing firm, to conduct regular reserve audits (over the past year there were two). According to the report, this procedure is more precise than any other form of financial reporting.

On November 9, Binance CEO Changpeng Zhao pledged to similarly confirm the platform’s reserves amid the FTX crisis. At that time the initiative was supported by KuCoin, OKX, Gate.io and Huobi.

In a prior disclosure, Sequoia Capital acknowledged a loss of $213.5 million on its investments in FTX.

https://forklog.com/news/uchastniki-kriptoindustrii-distantsirovalis-ot-ftx-i-alameda-research

Earlier, Binance abandoned its acquisition of the troubled competitor.