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FTX Blowup Puts Trove of Prized Bored Apes at Risk of Liquidation

FTX Ventures, the $2 billion VC wing of the crypto empire, was a prominent investor in Yuga Labs’ $450 million funding round last March. A representative of the firm says that FTX's financial sibling Alameda Research is in charge of the wallet, and has previously traded Bored Apes as part of its NFT trading strategy.

Among the Alameda wallet’s rarest collectibles are three Bored Apes with gold fur, a trait with a floor price of 1,000 ETH. The last gold fur Bored Ape sold for 800 ETH, though in the event of liquidation.

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