A word from CEO of Paybis regarding the FTX and Alameda situation
Dear customers and partners,
It has been a tough few weeks for the crypto industry with the news of FTX’s liquidity issues and subsequent filing for bankruptcy. Paybis maintains our position that regulation is good and much needed for the crypto industry. With regulation and transparency, we believe that the impact of issues like TerraLuna and FTX could have been mitigated, if not prevented altogether.
I understand the sentiment of fear and perhaps uncertainty that you may have regarding the crypto industry, and possibly crypto exchanges in particular. On behalf of Paybis, I want to reassure you that we do not have any exposure to FTX or its sister company, Alameda Research. We also do not and have never offered FTX’s token, FTT.
Paybis remains 100% operational and is carrying on business as usual.
For customers using our Paybis custodial wallets, your funds remain safe and segregated in your individual wallets. Funds held in Paybis wallets are always kept on-chain, and you can easily check your balance anytime on a public blockchain explorer, unlike on all of the other traditional crypto exchanges.
The industry has been through tough times before and have always come out stronger from the challenges. I am sure that this will be the same. Crypto is the future of money.
Yours sincerely,
Innokenty Isers on behalf of Paybis.com team
It has been a tough few weeks for the crypto industry with the news of FTX’s liquidity issues and subsequent filing for bankruptcy. Paybis maintains our position that regulation is good and much needed for the crypto industry. With regulation and transparency, we believe that the impact of issues like TerraLuna and FTX could have been mitigated, if not prevented altogether.
I understand the sentiment of fear and perhaps uncertainty that you may have regarding the crypto industry, and possibly crypto exchanges in particular. On behalf of Paybis, I want to reassure you that we do not have any exposure to FTX or its sister company, Alameda Research. We also do not and have never offered FTX’s token, FTT.
Paybis remains 100% operational and is carrying on business as usual.
For customers using our Paybis custodial wallets, your funds remain safe and segregated in your individual wallets. Funds held in Paybis wallets are always kept on-chain, and you can easily check your balance anytime on a public blockchain explorer, unlike on all of the other traditional crypto exchanges.
The industry has been through tough times before and have always come out stronger from the challenges. I am sure that this will be the same. Crypto is the future of money.
Yours sincerely,
Innokenty Isers on behalf of Paybis.com team
