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Kraken Reports Zero Exposure To Alameda Despite Holding 9K $FTT

Published date:

February 2, 2026

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Kraken stated that it is not affected by the FTX insolvency crisis despite possessing roughly 9,000 FTX Tokens (FTT).

We have no exposure to Alameda Research & we hold about 9,000 FTT tokens on the FTX exchange. We encourage our clients to take back control of their financial freedom by verifying their balances, included in our Proof of Reserve audit.

Learn more: https://t.co/mnCE9epzlN pic.twitter.com/OT7CZAhdX6
— Kraken Exchange (@krakenfx) November 10, 2022

As per its statement, Kraken has not listed any FTT assets in its futures or spot trading platforms.

Moreover, Kraken’s blog post claimed that the crypto exchange hired Armanino LLP to conduct two Proof-of-Reserve security audits since 2021 to ensure transparency, noting,

“Proof-of-Reserve audits are more precise and immutable than any other form of financial statement and we are one of the first exchanges to perform them regularly.”

Kraken also revealed that its next audit is scheduled for early January 2023.

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Ever since Sam Bankman-Fried revealed that FTX is facing a liquidity crunch, several platforms have declared their lack of exposure to FTX and Alameda Research.

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All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

Bitcompare is a trading name of Blue Venture Studios Pty Ltd.

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