FTX holds 99% of the shares in the Indonesian crypto exchange Bitocto

ChainCatcher news, according to Tech in Asia, FTX holds 99% of the shares in the Indonesian cryptocurrency exchange Bitocto, with the remaining 1% owned by the Hong Kong crypto platform Genesis Block. The market development director of Bitocto stated that customer funds and assets are safe because the company's systems are not integrated with FTX.

It is reported that Bitocto is one of the 25 officially regulated cryptocurrency trading platforms under Indonesia's cryptocurrency regulatory authority, the Commodity Futures Trading Regulatory Agency (Bappebti), and is categorized under the same Dotcom silo as FTX's Japanese subsidiary Liquid, European subsidiary Digital Assets AG, and FTX US Derivatives (formerly LedgerX). (source link)