ApeCoin Foundation: Does not hold any assets on FTX

ChainCatcher message, the ApeCoin Foundation stated on social media that it does not hold any assets on FTX, and the foundation's funds are stored in segregated custody accounts through Coinbase Custody. In segregated custody, the entity that acquires the assets has no management rights over them. In the event of a liquidation, the assets will be fully returned to the clients. This is standard practice when large amounts of funds are involved at the institutional level. (source link)