SCB 10X issued an announcement onFacebook pageAccording to the news issue, FTX and BlockFi are in the process of filing for bankruptcy.
SCB 10X came out to clarify that “The company does not invest in FTX and is not affiliated with FTX in any way. In the case of BlockFi, SCB 10X has invested in a small proportion. It is insignificant and less than 1% of the total investment portfolio of SCB 10X therefore does not affect the business of the company in any way.
The bankruptcy filing of FTX and BlockFi is a phenomenon that has caused panic in the investment world. especially investors in digital assets which within this year alone There has been a continuous bankruptcy of digital asset companies since the middle of last year. From the slate that originated from LUNA/Terra, the price plummeted to zero overnight. Let’s move on to the latest events of FTX and BlockFi.
Investors should study information on the assets they will invest in and keep an eye on trends regularly in order to prevent the loss of their own investments and assets.
Source: Link