CEO Jake Seltzer's official statement on the FTX & Alameda Chapter 11 Bankruptcy:.

17 Nov 2022, 02:40

CEO Jake Seltzer’s official statement on the FTX & Alameda Chapter 11 Bankruptcy: Due to the complexity of the ongoing situation at @FTX_Official, I have been conservative in my response. I felt it prudent to await more clarity on how these events would unfold. @FinanceBlocks has never used @FTX_Official as a platform in respect of its assets and is therefore not exposed to any loss of assets due to @FTX_Official halting of withdrawals. We want to assure our community we have never been stronger & look forward to the future. To the countless crypto community members negatively impacted by the now evident fraudulent activity within the @FTX_Official & Alameda organizations, my heart goes out to you. The actions taken by @SBF_FTX are criminal and should be prosecuted to the fullest extent. We understand that these events have had a significant negative impact on the web3 ecosystem and that the confidence and trust are in a sense, broken. However, much like the 2017/18 cycle we believe that as a community we will only grow stronger, together. “If everyone is moving forward together, then success takes care of itself.” As part of our commitment to the Web3 ecosystem through our partnership with @knightsdaox we have created a fund that allows us to hire employees at a 10% salary increase who lost jobs at companies negatively impacted by the events caused by @FTX_Official insolvency & invest in founders and builders who share our vision of a truly decentralized future (more details on this soon.) If you have any questions/issues please feel free to DM @FinanceBlocks on twitter or reach out to us on telegram. Please submit all resumes & pitch decks to hr@financeblocks.ok or Jake@financeblocks.io!