Analysis: FTX had just $1 million in spot Bitcoin when it filed for bankruptcy
2024-09-29 02:51
Odaily News HODL15Capital issued a reminder on X that FTX was seriously short of spot Bitcoin when it filed for Chapter 11 bankruptcy, holding only 0.1% of the Bitcoin that customers believed the exchange should hold. FTX only had $1 million in Bitcoin at the time, while its customer balance was $1.6 billion.
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