Monex says it has no exposure to FTX
Japanese online trading company Monex Group says it has no exposure to FTX, amid reports about funding problems at the crypto exchange.
Monex Group, which owns businesses such as Coincheck and TradeStation Crypto, notes that its subsidiaries have no position or exposure with respect to FTX, FTT or Alameda Research.
Monex issued the following statement:
“There have been reports of funding concerns regarding crypto exchange FTX, and the value of FTT (the FTX token) has plummeted. Monex Group and its subsidiaries Coincheck, TradeStation, TradeStation Crypto and Monex have no position or exposure with respect to FTT, FTX, or Alameda Research.”
Other crypto companies, including Coinbase, have also issued statements regarding the FTX situation and their FTX exposure. Binance’s CEO has announced that Binance has signed a non-binding Letter of Intent to acquire FTX. There is no certainty, however, that this LOI will lead to an actual deal.