Clearpool: No direct contact with FTX and Alameda, treasury and operating funds are stored in Hex Trust cold wallets

2022-11-11 16:16:52

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ChainCatcher news, the decentralized lending market Clearpool announced its recent operational status on Twitter. Clearpool stated that it has not had direct contact with FTX and Alameda, and its treasury and operational funds are stored in Hex Trust cold wallets. Users providing lending funds to Clearpool have withdrawn nearly $91 million in liquidity since Monday, while borrowers including Amber, Nibbio, and LedgerPrime have repaid their loans, and BlockTower and Jane Street have agreed to close their licensed pools.

The loans from the Alameda licensed pool remain unpaid, with funding for that pool provided by Compound Capital and Apollo Capital. Clearpool stated that the team is still focused on the next phase of its ecosystem growth, including the development of a range of new products such as licensed pool v2, term pools, and diversified pools. (source link)

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Clearpool FTX Alameda

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