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  • Writer's pictureswensonk7

BAYC Co-Founder Gordon Goner Says That "We’re Fine" In A Twitter Thread After The FTX Fallout

As the crypto community at large deals with the FTX fallout, Bored Ape Yacht Club Co-Founder Gordon Goner took to Twitter and told the community that Yuga Labs treasury is mostly in “bank accounts and t-bills.”

As FTX and Sam Bankman-Fried filed for bankruptcy today, many in the crypto space asked what impact this will have on the NFT community, particularly on Yuga Labs.

This morning, several tweets made their way around the swamp and some BAYC members and NFT enthusiast at large were asking if Yuga Labs funds were safe.

As more users saw the tweet, BAYC Co-Founder Gordon Goner took to Twitter and addressed the community’s concern.

In a three-part Twitter thread, Goner told the community that Yuga Labs is “fine.”

“It hasn’t affected us," Goner wrote on Twitter. “We never used though some of our partners did. We had some money on but we moved it out earlier in the week. Heart goes out to anyone who has been hurt by this insanity. FYI, here's all the ETH we had on http://FTX.US (shows up as blockfolio on etherscan) getting moved to CB Custody earlier in the week. Gets all moved around in CB as part of their system after this tx so beware amateur etherscan sleuths. Almost everything else is in bank accounts and T-bills. Appreciate people have concerns. But we’re fine.”

Goner is the second BAYC Co-Founder to come out and say that Yuga Labs was not impacted by the fall of FTX.


As the Bored Ape Gazette previously reported on November 9th, BAYC Co-Founder Garga told the community that FTX “Doesn’t affect our operations.”

The Bored Ape Gazette will continue to follow how the FTX fallout impacts Yuga Labs, the Yugaverse, and the NFT ecosystem at large. Stay tuned for updates!

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