Coinspeaker
QCP Capital Has at Least $97M Frozen at Defunct Exchange FTX
Crypto trading platform QCP Capital reportedly has at least $97 million trapped with collapsed crypto exchange FTX. Inside sources also claim that QCP has been trying to sell its claim to distressed asset buyers. This move is part of an attempt by the Singapore-based company to redeem some funds.
QCP to Continue Operations Unperturbed
QCP Capital first intimated its FTX exposure on Twitter last month but did not disclose the amount. The company also added that although it had active trading positions on FTX, it was able to remove a substantial amount of assets from the ill-fated exchange. Furthermore, QCP said efforts are underway to recover the remaining assets frozen with FTX. According to the company, the frozen funds at FTX do not impact its operability. According to a tweet, “the situation has not impacted our ability to serve clients or counterparties. Business carries on as usual, and our trading de
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