<p><span style="font-weight: 400;">With the fate of crypto exchange FTX hanging in the balance, many of crypto’s most notable companies have taken to social media to clarify whether they have exposure to the exchange, its native token FTT and sister trading firm Alameda Research. </span></p> <p><span style="font-weight: 400;">Here are some of the most prominent announcements The Block has tracked since Nov. 8. </span></p> <h2>The exposed</h2> <p><em>Notable companies that have disclosed exposure to FTX or have funds stuck in the exchange.</em></p> <p><b>Amber Group: </b><span style="font-weight: 400;">Amber Group </span><a href="https://www.theblock.co/post/184883/amber-group-says-no-exposure-to-ftx-less-than-10-of-trading-funds-stuck"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> it did not have any exposure to Alameda or FTX’s native token FTT, but that it does have less than 10% of its trading funds stuck on the FTX exchange. The situation does not threaten its operations or liquidity, it said in a Twitter update. </span></p> <p><b>Crypto.com:</b><span style="font-weight: 400;"> Crypto.com CEO Kris Marszalek </span><a href="https://www.theblock.co/post/184559/genesis-crypto-com-latest-companies-to-distance-themselves-from-ftx-crisis"><span style="font-weight: 400;">tweeted</span></a><span style="font-weight: 400;"> that its direct exposure to FTX is “immaterial,” with less than $10 million of its capital deposited on the exchange to execute customer trades. </span></p> <p><b>Galaxy Digital: </b><span style="font-weight: 400;">Galaxy Digital said in its third-quarter </span><a href="https://www.theblock.co/post/184262/galaxy-digital-reveals-ftx-exposure-in-q3-earnings-report?utm_source=companies&amp;utm_medium=rss"><span style="font-weight: 400;">earnings report</span></a><span style="font-weight: 400;"> that it has a $76.8 million exposure to FTX. Of that, $47.5 million is "in the withdrawal process," according to the company.</span></p> <p><strong>Kraken: </strong>Crypto exchange Kraken said it <a href="https://www.theblock.co/post/185156/kraken-holds-ftt-tokens-but-claims-no-exposure-to-alameda">holds 9,000 FTT</a>, but that it has no exposure to Alameda. "We have not listed the FTT token on our spot or futures exchanges and Kraken is not affected by the recent FTX news in any material way," said the company in a statement.</p> <p><b>Multicoin Capital: </b><span style="font-weight: 400;">Crypto venture capital firm Multicoin Capital is significantly impacted by the FTX crisis, according to a letter </span><a href="https://www.theblock.co/post/184766/multicoin-capital-hit-by-ftx-collapse-with-10-of-its-funds-aum-stuck-on-the-exchange"><span style="font-weight: 400;">obtained</span></a><span style="font-weight: 400;"> by The Block. About 10% of the assets under management in its Master Fund were still pending withdrawals on the exchange as of the morning of Nov. 9. These assets include bitcoin, ether and U.S. dollars.</span></p> <p><b>Selini Capital: </b><span style="font-weight: 400;">Selini Capital has about 3% of its assets directly on FTX that it hopes to get back, the company’s chief investment officer Jordi Alexander told The Block in an interview. However, he said “it's not the end of the world,” and that the firm is more concerned about the long-term impact of the situation on the industry. </span></p> <p><b>Sequoia Capital:</b><span style="font-weight: 400;"> Venture capital firm Sequoia Capital sent a</span> <a href="https://www.theblock.co/post/185136/sequoia-says-its-investment-in-ftx-is-now-worthless"><span style="font-weight: 400;">letter</span></a><span style="font-weight: 400;"> to limited partners saying it had exposure of $213.5 million related to FTX. However, it called its exposure to the exchange “limited.” Sequoia marked down its FTX investments to zero. </span></p> <p><b>Wintermute:</b><span style="font-weight: 400;"> Crypto market maker Wintermute </span><a href="https://www.theblock.co/post/184792/wintermute-says-it-has-funds-on-crypto-exchange-ftx-but-its-not-significant"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> it has funds stuck on FTX, but did not disclose the amount. It said that while not ideal, the amount is “within our risk tolerances and does not have a significant impact on our overall financial position.”</span></p> <h2>Those with fewer problems</h2> <p><em>Companies that claim little to no exposure to FTX. </em></p> <p><b>Anchorage Digital: </b><span style="font-weight: 400;">Institutional crypto platform Anchorage Digital does not have loans or “trading exposure” to FTX or its sister company Alameda Research, an Anchorage spokesperson told The Block. Anchorage confirmed that Alameda is an investor in the company. </span></p> <p><b>AlphaLab:</b><span style="font-weight: 400;"> Trading technology firm AlphaLab Capital Group said it hadn’t taken any external loans and they’ve never had any exposure to Alameda or its lenders. AlphaLab transacts over $2 billion in crypto assets across over 40 exchanges, according to its </span><a href="https://www.alphalab.capital/"><span style="font-weight: 400;">website</span></a><span style="font-weight: 400;">. </span></p> <p><b>Bitmex: </b><span style="font-weight: 400;">Crypto exchange </span><a href="https://www.theblock.co/post/184955/bitmex-to-proceed-with-token-launch-says-no-exposure-to-ftx?utm_source=basicrss&amp;utm_medium=rss"><span style="font-weight: 400;">Bitmex</span></a><span style="font-weight: 400;"> said it did not have any exposure to FTX, Alameda or FTX’s native FTT token. </span></p> <p><b>Coinbase:</b> <span style="font-weight: 400;">Coinbase CEO Brian Armstrong </span><a href="https://www.theblock.co/post/184435/coinbase-says-it-has-no-material-exposure-to-ftx-or-ftt"><span style="font-weight: 400;">tweeted</span></a><span style="font-weight: 400;"> on Nov. 8 that the exchange does not have any exposure to FTX or the FTT native token. </span></p> <p><b>Cumberland: </b><span style="font-weight: 400;">Crypto trading firm Cumberland </span><a href="https://www.theblock.co/post/184658/crypto-trading-firm-cumberland-says-it-had-virtually-no-exposure-to-ftx"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> it had “virtually no exposure to FTX” on Twitter. </span></p> <p><b>Deribit:</b><span style="font-weight: 400;"> Crypto derivatives exchange Deribit </span><a href="https://www.theblock.co/post/184714/crypto-options-exchange-deribit-says-it-is-unaffected-by-ftx-and-alameda-collapse"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> on Twitter that it doesn’t have any special terms for large and risky positions with Alameda. “Furthermore, Deribit or group companies do not have assets with FTX or other exposure to e.g. FTT or SOL,” the</span><a href="https://twitter.com/deribitexchange/status/1590315930588184578?s=46&amp;t=P43W443VCwlhPzsdGinpeA"><span style="font-weight: 400;"> company</span></a><span style="font-weight: 400;"> tweeted.</span></p> <p><b>Genesis: </b><span style="font-weight: 400;">Crypto trading and lending firm Genesis Trading said it had no material exposure to FTX's native token or "any other tokens issued by centralized exchanges." However, it did </span><a href="https://www.theblock.co/post/184920/genesis-reports-losses-of-around-7-million-after-hedging-against-market-volatility"><span style="font-weight: 400;">disclose</span></a><span style="font-weight: 400;"> about $7 million in losses across all counterparties — including Alameda Research — after hedging and selling collateral in anticipation of market volatility on Nov. 8. </span></p> <p><b>Solana Labs: </b><span style="font-weight: 400;">U.S.-based Solana Labs did not have any assets on FTX.com, co-founder Anatoly Yakovenko </span><a href="https://twitter.com/aeyakovenko/status/1590356766889775107"><span style="font-weight: 400;">tweeted</span></a><span style="font-weight: 400;">. </span></p> <p><b>Nexo: </b><span style="font-weight: 400;">Crypto lending platform Nexo </span><a href="https://twitter.com/Nexo/status/1590068797284941829?s=20&amp;t=JYo371Ptjofb8rxOrhgQ0w"><span style="font-weight: 400;">tweeted</span></a> on Nov. 8 <span style="font-weight: 400;">that it has “$0 net exposure” to FTX and Alameda, and has withdrawn its entire balance from the exchange. It said it did have a “small loan” to Alameda equal to less than 0.5% of its assets, “fully collateralized by digital assets that were sold in full by our team two days ago.”</span></p> <p><b>Tether:</b><span style="font-weight: 400;"> Tether CTO Paolo Ardoino </span><a href="https://www.theblock.co/post/184610/tether-cto-exposure-ftx-alameda-sorry-guys"><span style="font-weight: 400;">tweeted</span></a><span style="font-weight: 400;"> that the stablecoin issuer has no exposure to FTX or Alameda. </span></p> <p><em>This story has been updated to clarify the description of <span style="font-weight: 400;">AlphaLab. </span></em></p><br /><span class="copyright"><p>Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.</p> <p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>