(Reuters) – Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched any products in partnership with the beleaguered cryptocurrency exchange.
FTX had invested $100 million in the fintech in March, through FTX ventures, to expand Dave’s digital assets offerings and the company had said FTX US would be its exclusive partner for crypto.
“We have not launched any products in partnership with FTX and no customers are exposed through Dave,” the company spokesperson said in an emailed statement to Reuters.
FTX filed for bankruptcy protection in the United States on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal.
(Reporting by Manya Saini in Bengaluru and Saeed Azhar in New York; Editing by Shailesh Kuber)