In the words of Ross Gan, Matrixport’s Head of Public Relations, “79 clients incurred losses via exposure from three products on our platform and they have been informed accordingly.”
Matrixport’s Earn products were affected by the insolvency of FTX, resulting in losses to 79 clients.
According to Matrixport, three of its yield products: BTC Fixed Income Product, Smart Trend, and Victoria Bitcoin fund had exposure to the now-bankrupt crypto exchange. It added that its Sales and Operation team has already established 1-on-1 communication with all the affected users.
Matrixport noted that the platform has separate asset flows for all its interest-bearing services. This means that the recent turn of events surrounding FTX and Alameda will not impact Matrixport’s other products. The firm also reassured investors that it is not at risk of insolvency and will continue to operate normally.
