FTX lost the Future Fund command and the head of the institutional sales department

The FTX institutional sales department did not know anything about the potential insolvency of the cryptocurrency exchange during the current week. This was stated by the DeFi advantages head of the team Zane Takkett, reports The Block with reference to his letter to customers.

“First of all, I would like to clearly declare that the VIP team remained completely ignorant and in no way knew about FTX insolvency or that users were not provided with 1: 1,” he said, ”he said.

In a commentary, Takkett announced the desire to make sure that customers “do not hold evil” to his employees for assurances about the normal state of affairs.

“They were also deceived,” the top manager noted.

According to sources, problems with the withdrawal of funds after the announcement of the possible absorption of the BINANCE FTX exchange led to tension between the highest management of the company and the institutional sales department.

On November 11, Takkett said that his account in Slack was deactivated, as well as a corporate account in Google.

The Future Fund team also announced the complete termination of the work – a structure created to invest up to $ 1 billion in “ambitious projects in order to improve the long -term prospects of mankind”.

“We were shocked and very saddened by learning about recent events in FTX. We condole thousands of customers whose financial situation could be at risk or destroyed, ”the report said.

The team noted that so far it has no information about “what has gone wrong.”.

“But to the extent that the FTX leaders could be involved in deception or dishonesty, we condemn this behavior in the most decisive way,” the statement said in the statement.

Recall, on November 10, Binance refused to acquire a competitor. The company said they could not solve FTX problems.

Industry participants hastened to distance themselves from the Exchange of Sam Bankman-Frida and the associated Alameda Research. One of the FTX investors, the venture company Sequoia Capital, recognized the investment in the amount of $ 213.5 million irrevocable.

According to media reports, American regulators have begun studying FTX ties with a unit in the United States and Alameda Research. The Ministry of Justice also became interested in the activity of the platform.

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