The new of FTX's bankruptcy filing and apparent mishandling of billions of dollars of funds has caused the current crypto crash as well as the subsequent collapse of businesses that had exposure to them.
We want to assure all Bacon Club members and future members that we did not have any exposure to FTX.
Our partners, namely Winter, who handles our credit card NFT minting and custodial wallets, reported that they were unaffected by the FTX situation and only had a small amount of funds with FTX which they had safely withdrawn. You can read more about Winter's statement here.
While we are saddened by the damage that FTX has done to the crypto market and community we remain resilient in our business model to bring bacon to our members with NFTs.