{"id":69821,"date":"2022-11-09T18:02:43","date_gmt":"2022-11-09T16:02:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69821"},"modified":"2025-09-07T22:16:34","modified_gmt":"2025-09-07T19:16:34","slug":"crypto-industry-participants-distance-themselves-from-ftx-and-alameda-research","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-industry-participants-distance-themselves-from-ftx-and-alameda-research\/","title":{"rendered":"Crypto industry participants distance themselves from FTX and Alameda Research."},"content":{"rendered":"

Several major players in the crypto industry said they did not have close ties to the entities owned by Sam Bankman-Fried<\/a> FTX and Alameda Research. According to representatives of several companies, the current crisis will not affect their operations.<\/p>\n

On November 9, journalist Colin Wu urged Circle and Tether, which stand behind the stablecoins USDC<\/a> and USDT<\/a>, to disclose information about their financial relationships with the troubled firms.<\/p>\n

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Circle and Tether should disclose more of their financial relationship with FTX Alameda to let users know if it\u2019s a risk. @jerallaire<\/a> @paoloardoino<\/a> We are seeing a lot of assets move from Circle to FTX; there are also reports that Alameda is the second largest issuer of Tether.<\/p>\n

\u2014 Wu Blockchain (@WuBlockchain) November 9, 2022<\/a><\/p><\/blockquote>\n