It's official: FTX is missing a lot of its customers' funds. How much is a lot? Try around $9 billion. In a preliminary analysis released by the bankrupt crypto exchange on March 2, FTX laid out its current findings for stakeholders. And it confirmed the worst: a "massive shortfall," as only around $2.2 billion in customers' assets have been located. Furthermore, even less of that amount – $694 million – is in liquid assets such as cash, stablecoins, Bitcoin or Ether. SEE ALSO: Two of SBF's ...
It's official: FTX is missing a lot of its customers' funds. How much is a lot? Try around $9 billion. In a preliminary analysis released by the bankrupt crypto exchange on March 2, FTX laid out its current findings for stakeholders. And it confirmed the worst: a "massive shortfall," as only around $2.2 billion in customers' assets have been located. Furthermore, even less of that amount – $694 million – is in liquid assets such as cash, stablecoins, Bitcoin or Ether. SEE ALSO: Two of SBF's ...
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