Taiwan’s top three exchanges’ operations unaffected amid FTX fallout
Taiwan’s three largest cryptocurrency exchanges have said their operations were unaffected by the fallout of FTX and will release proof of assets as soon as possible.
See related article: Bahamas regulator orders transfer of all FTX digital assets to government wallet
Fast facts
- Taiwan-based exchanges MaiCoin, BitoEX and ACE said in a joint statement on Friday that they will soon present proof of assets verified by third-party institutions, and will help to arrange meetings of affected FTX users in Taiwan to discuss how to best proceed.
- MaiCoin said on Nov. 10 that it had about US$260,546 worth of exposure at FTX.com, but that it would not affect MaiCoin’s operation.
- BitoEX said on Nov. 10 that it had pulled back its funds on FTX, while ACE said its operations remained unaffected.
- Crypto exchange FTX.com last week filed for Chapter 11 bankruptcy in the U.S., sending shockwaves throughout the industry.
See related article: Who is exposed to FTX? A running compilation on a rapidly moving target