According to Tech in Asia, FTX holds a 99% stake in Bitocto, an Indonesian cryptocurrency exchange, and the remaining 1% is owned by Genesis Block, a Hong Kong-based encryption platform. Bitocto’s head of market development said customer funds and assets are safe because the company’s system Integrate with FTX. Foresight News noted that Bitocto is one of the 25 official crypto trading platforms regulated by the Commodity Futures Trading Regulatory Agency (Bappebti), the Indonesian cryptocurrency regulator. The company (formerly LedgerX) belongs to the same classification Dotcom silo.