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Taiwan’s top three exchanges’ operations unaffected amid FTX fallout

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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

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