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Ape Foundation: We Do Not Hold Any Assets on FTX

In the latest tweet, ApeCoin [APE] revealed its status regarding the FTX episode. Reportedly, the Ape Foundation does not hold any assets on FTX.  The treasury has been held in segregated custody accounts via Coinbase Custody.

Furthermore, ApeCoin highlighted the importance of segregated custody. According to the ApeCoin team, when functioning at an institutional level, segregated custody is not only customary procedure, but it also significantly lowers key risks, especially when a sizable treasury is involved. 

ApeCoin FTX
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