Another Crypto Exchange Announced Its Reserves!

Due to the fact that investors have lost their trust in the stock markets, many crypto exchanges, especially Binance, Crypto.com and OKX, announce their reserves one after the other. A new one has been added to the crypto exchanges that announced the assets in their hands.

Tether and Bitfinex CEO Paolo Ardoino shared the stock’s current reserve assets on Github to restore investor confidence.

Ardoino openly published 135 wallet addresses belonging to the Bitfinex exchange in its share.

According to the share of Ardoino, the largest assets of the Bitfinex exchange consist of the following cryptocurrencies:

  • 204,338 pieces bitcoin
  • 2018 L-BTC (Liquid)
  • 1000 Bitcoins on the Lightning Network
  • 1 million 225 thousand units Ethereum

FTX With the official bankruptcy of the stock market, crypto investors are questioning how much assets stock exchanges hold. The failed exchange allegedly lent $10 billion worth of customers’ deposits on the platform to Alamenda Research to “finance their investments”.

FTX CEO Sam Bankman-Fried recently announced that there is a pull request of approximately $5 billion. Withdrawals are still not possible on the bankrupt crypto money platform.

The news this morning gave investors another shock. One of the Telegram group managers of the FTX exchange announced that the exchange was hacked.

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