NEAR Foundation Has 'Minimal Exposure' to FTX and Alameda

NEAR Foundation released a statement, saying it has "minimal exposure" to the current market developments concerning FTX and Alameda, and it didn't hold any funds on FTX.

Meanwhile, NEAR Foundation said that it raised over $500m in Q1 2022, of which it still has a very large percentage held in fiat and in triple A-rated banks.