African-focused payment firm, AZA Finance has described it as ‘erroneous’, its inclusion in embattled cryptocurrency exchange, FTX’s Chapter 11 bankruptcy protection filing.
The founder and CEO of AZA Finance, Elizabeth Rossiello, said that none of its entities were affected by the collapsed crypto exchange’s bankruptcy.
“Neither FTX nor any of its associated entities own or control AZA Finance or our entities, including BTC Africa. Our entities are not part of the FTX bankruptcy. In its disorganized haste, FTX erroneously listed our entities in their bankruptcy filing.”
She said that the firm has commenced efforts to address the erroneous court filing.
She further went ahead to state that AZA Finance does not store digital assets on behalf of customers, unlike FTX.
“AZA Finance is licensed in multiple jurisdictions as a payments provider. We do not hold customer funds and never have. Less than 10% of our transactions across all of our entities are via digital currencies,” Rossiello said.