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WonderFi Confirms No Material Exposure to FTX or Alameda Research
No material exposure to Alameda Research or FTX despite early investment Toronto, Ontario--(N...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"WonderFi Confirms No Material Exposure to FTX or Alameda ResearchNo material exposure to Alameda Research or FTX despite early investmentToronto, Ontario--(Newsfile Corp. - November 10, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (the \"Company\" or \"WonderFi\") today confirms, in connection with the Company's commitment to a transparent and compliant crypto industry in Canada, that neither WonderFi nor any of its operating subsidiaries including Bitbuy Technologies Inc. (\"Bitbuy\") or Coinberry Limited (\"Coinberry\") have any exposure to FTT token, FTX or Alameda research.As disclosed in the notes in its financial statements, WonderFi made an investment of $617,850 in FTX Trading Limited in 2021. The amount invested is not considered to be material to the Company and represents less than 0.2% of total assets.WonderFi's subsidiaries Bitbuy and Coinberry are regulated in Canada, and registered with the Ontario Securities Commission, along with the securities commissions in all other provinces and territories in Canada. In accordance with these registrations, Bitbuy and Coinberry hold substantively all customer assets with licensed, third-party custodians in a secure and insured environment. WonderFi, and Coinberry and Bitbuy as regulated entities, have not, and do not currently, lend, trade or invest client assets.WonderFi Technologies Inc.President and Interim CEO, WonderFiDean [email protected] Contact:Binu Koshy, Communications [email protected] WONDERFIWonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi's executive team and Board of Directors have an established track record in finance and crypto. WonderFi's core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit www.wonder.fi. Forward-Looking Information and StatementsThis press release contains certain \"forward-looking information\" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute \"forward-looking statements\" within the meaning of ...