Ren ProtocolAll assets and shares of the bankrupt crypto company FTXwill be transferred to cold wallets controlled by
Ren Protocol, platform 2022purchased in FTX, Alamedaand its affiliates have authorized and instructed the platform to transfer all crypto assets to FTX debtor wallets. colorThe move allows borrowers to protect their assets in the event of a possible shutdown of their systems and infrastructure, he said. Ren Protocolstressed that they will transfer the assets to a separate wallet reserved for Ren in order to separate the funds from the other wallets of the borrower.
Acquired by Alameda in 2022
color, collect more resources and DeFito further its mission of promoting interoperability in the field of February 2, 2022He joined Alameda Research in .
CEO of the platform Taiyang Zhang‘according to Alameda This agreement with the company will accelerate the decentralization of its technology. Zhang also emphasized that they will have the resources of Alameda in a post he shared on his blog. However, FTX and Alameda ResearchThings didn’t go as planned, as he suffered one of the biggest bankruptcies in cryptocurrency history last year.
In addition, community members Ren Protocol’ He responded with various reactions to the news that his assets would be transferred. While one Twitter user commented that Ren was legally solid, another member said he didn’t believe what happened.
