third-party funds

It is reported that the Fantom Foundation said on Twitter that the reserve treasury of the Fantom Foundation has no direct contact with any American institutions, nor does it manage or handle any third-party funds. Fantom Foundation: The reserve treasury has no direct contact with any American institution Analysis based on this information:The Fantom Foundation, a Singapore-based blockchain project, recently issued a statement on Twitter to clarify that it has no direct contact with any American institutions and does not manage or handle any third-party funds. This comes amid concerns raised by some investors and online users about the transparency and accountability of the Foundation’s financial management practices. The Foundation’s reserve treasury, which comprises a significant portion of the company’s assets, is said to be managed by an independent third-party custodian, with no involvement or influence from the Foundation’s management team. According to the statement, the reserve treasury is held in cold storage and is regularly audited by a reputable…