As FTX Contagion Spreads, More Custodians Expected to be at Risk: Withdraw Bitcoin to Self Custody ASAP
Due to FTX relationships throughout the industry many more custodians could be at risk. BlockFi which was bailed out by FTX earlier in the year has already halted withdrawals.
- BlockFi which was bailed out by FTX earlier in the year has already halted withdrawals.
- Due to FTX relationships throughout the industry many more custodians could be at risk. Ledn has already disclosed a relationship with FTX Founder SBF's trading firm Alameda.
3/ Keeping our commitment to transparency and integrity, we wanted to share that we have a lending relationship with Alameda, and have been in frequent contact with their senior management team.
— Ledn (@hodlwithLedn) November 9, 2022
- Consider withdrawing bitcoin to self custody ASAP to avoid this risk.
