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CoinShares says its $30 million worth of assets stuck on FTX
source link: https://nextbigwhat.com/coinshares-says-its-30-million-worth-of-assets-stuck-on-ftx/
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CoinShares says its $30 million worth of assets stuck on FTX
CoinShares revealed that approximately 11% of its total net asset value is situated on the crypto exchange FTX. Another firm experiencing similar issues is Mike Novogratz’s Galaxy Digital.
CoinShares said nearly $26 million of its exposure to FTX consists of US dollars and Circle’s stablecoin USDC. Pending withdrawals of 190 BTC and 1,000 ETH account for the remaining over $4 million.
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