Wintermute, a crypto market maker, has confirmed that funds are still in the hands of the troubled crypto exchange FTX. The firm however stated that they have funds in the exchange, but it is not large and they are safe.

Wintermute also stated that the funds won’t have an impact on the firm’s financial standings. Although some funds remain, the firm stated that it has taken precautions to reduce risk and attempted to eliminate some funds from the exchange before the collapse.

Wintermute wrote:

“We do have remaining funds on FTX, and while this is not ideal, the amount is within our risk tolerances and does not have a significant impact on our overall financial position.”

Firms dispel fears about exposure to FTX

According to our earlier news, Circle, Tether and Coinbase have come out to their customers to assure them that they aren’t exposed to FTX or Alameda Research. This is after FTX announced its intention to sell itself off to Binance due to liquidity crunch.

While Wintermute said that it has funds stuck in FTX, it, however, clarified that it has no exposure on FTX’s native token FTT whose price has drastically dropped since the whole FTX saga started.

Wintermute stated:

“As a market-neutral trading firm, we do not have any directional exposure to FTT tokens or related ecosystem assets.”