Ledn Remains Unaffected By FTX’s Liquidity Crisis

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Adam Reeds; Photo Source: Linkedin

Crypto lending firm Ledn reported that it has not experienced any issues in its operations despite having Alameda Research as one of its counterparties, noting

“At this time, we continue to process transactions, with deposits and withdrawals being processed normally. We haven’t experienced any issues in returning assets to our clients.”

Soon after Sam Bankman-Fried’s FTX began facing a liquidity crunch, Ledn reduced its asset balance with Alameda as a precautionary measure. 

It is worth noting that the crypto lender refused to disclose the outstanding loan with Alameda Research due to NDAs. Instead, Ledn claimed that the amount is within Ledn’s “lending limits.” 



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As per Ledn’s statement, Alameda Research has returned some of the assets, with plans to soon pay the rest of the outstanding balance to Ledn. 

Currently, the websites of Alameda Research and FTX Ventures have become inaccessible. FTX has also suspended withdrawals, with the following message displayed on its main website,

"FTX is currently unable to process withdrawals. We strongly advise against depositing."

Written by
Ayush Pande

Crypto lending firm Ledn reported that it has not experienced any issues in its operations despite having Alameda Research as one of its counterparties, noting

“At this time, we continue to process transactions, with deposits and withdrawals being processed normally. We haven’t experienced any issues in returning assets to our clients.”

Soon after Sam Bankman-Fried’s FTX began facing a liquidity crunch, Ledn reduced its asset balance with Alameda as a precautionary measure. 

It is worth noting that the crypto lender refused to disclose the outstanding loan with Alameda Research due to NDAs. Instead, Ledn claimed that the amount is within Ledn’s “lending limits.” 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


As per Ledn’s statement, Alameda Research has returned some of the assets, with plans to soon pay the rest of the outstanding balance to Ledn. 

Currently, the websites of Alameda Research and FTX Ventures have become inaccessible. FTX has also suspended withdrawals, with the following message displayed on its main website,

"FTX is currently unable to process withdrawals. We strongly advise against depositing."

Written by
Ayush Pande