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  • swensonk7

Bored Ape Yacht Club Co-Founder Garga Said That Yuga Labs did Not Have Any Of Its Money On FTX

As the entire crypto market watches the fallout of the FTX and Sam Bankman-Fried debacle, Bored Ape Yacht Club Co-Founder Garga told the community that Yuga Labs does not have any funds on FTX.

“btw, got some random concerned dms about the FTX/ Alameda situation asking if we’re affected,” Garga wrote in the club Discord. “ Just fyi Yuga has never used doesn’t have anything there/ never has. No money stuck anywhere or anything else like that. FTX was a small investor as part of our seed round, but obviously we got that check a long time ago. Doesn’t affect our operations.”

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