• March 25, 2023


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Kraken Reports it Has No Transactions with Sam Bankman-Fried’s Alameda Research

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Crypto exchange Kraken holds about 9,000 FTX utility tokens (FTT) on its balance sheet, but does not interact with Sam Bankman-Fried trading firm Alameda Research.

According to the company’s blog:

“We did not list FTT. Events around FTX did not materially affect Kraken.”

The company has said that in 2014, it agreed with Armanino, one of the top 25 audit firms, to conduct regular audits of reserves (there were two of them in the last year). According to the report, this procedure is more accurate than any other form of financial reporting.

Last November 9, Binance CEO Changpeng Zhao promised to similarly confirm the platform’s reserves due to the FTX crisis. At that time, the initiative was supported by KuCoin, OKX, Gate.io and Huobi.