Lithosphere (LITHO) Developer KaJ Labs Disputes $2B Exposure to FTX/Alameda Research
Seattle, Washington--(Newsfile Corp. - November 14, 2022) - KaJ Labs is disputing the $2B Exposure to FTX/Alameda Research. The creator of Lithosphere (LITHO) announced that it unequivocally had no exposure to FTX, its trading firm Alameda Research, or charitable arm, FTX Future Fund.
Fake reports on social media feeds have reported that KaJ Labs had an indirect exposure of more than $2 billion with FTX/Alameda. This is not true. Neither is KaJ Labs looking to offer a credit facility to FTX at this time. KaJ Labs and Lithosphere have no affiliation with FTX.
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KaJ Labs is also not offering FTX a credit facility at this time and has no ties whatsoever to FTX, its trading firm Alameda Research, or charitable foundation, FTX Future Fund. Any reports to the contrary are pure fiction.
The Lithosphere network promises to eradicate bottlenecks faced in existing blockchain networks. Lithosphere is the first blockchain to utilize embedded Deep Neural Networks to make smart contracts intelligent, while enabling interoperability across heterogenous blockchains.
About KaJ Labs
KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.
Lithosphere is the next-generation network for cross-chain applications powered by AI and Deep Learning.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144102