FTX Only Had $1 Million in Bitcoin at Time of Bankruptcy Petition Filing
On September 29, according to HODL15Capital monitoring, at the time of the Chapter 11 bankruptcy filing, FTX was severely short of spot bitcoin, holding only 0.1% of the bitcoin that customers thought the exchange was holding.FTX had only $1 million in bitcoin at the time of the bankruptcy filing, compared to customer balances of $1.6 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A major whale switched from short to long on BTC, with a position valued at $91 million.
Japan Post Bank, Shinoken, and DeCurret DCP pilot tokenized deposit payments for real estate transactions
Data: US crypto-related stocks mostly rise in pre-market trading, Bitmine up 3.79%
IMF warns that tokenized markets may increase flash crash risks, and governments will intervene with regulation
Trending news
MoreCrypto prices
More
