- Ren transfers all cryptocurrency belongings into FTX accounts receivable.
- REN fell greater than 12% throughout buying and selling.
Ren Open Protocol introduced the transformation of all cryptocurrency belongings into FTX accounts receivable. Alameda Analysis acquired this blockchain interoperability platform in early 2022. As within the assertion’s tweet, the switch was pre-ordered to guard towards “potential shutdowns.”
One other knowledge revealed within the tweet above is the sending of belongings to a singular “chilly storage pockets”, which is particularly assigned by Alameda. This exhibits the pre-plan of sister firm FTX. All the FTX group of corporations has acquired shares and entities below the Ren protocol.
After the autumn of FTX, Ren took some initiative to launch its 2.0 model and even put the proposal to the group vote. The workforce deliberate it to be a person institute with none FTX connection.
Put up asset switch info, Ren crypto token worth fell to $0.09573 from $0.1074. REN fell greater than 12% throughout buying and selling and misplaced $12 million in market capitalization. Presently, the token is buying and selling at $0.09853.
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