FTX presentation shows ‘massive shortfall’ in firm’s assets By Cointelegraph
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Bankrupt cryptocurrency exchange FTX has revealed a “massive shortfall” in its digital asset and fiat currency holdings, with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.
On March 2, the exchange released a presentation showing FTX had $2.2 billion in exchange wallets and fiat accounts, of which $694 million consisted of the most liquid “Category A Assets” that include cash, stablecoins, (BTC) and Ether (ETH) priced at the latest spot prices.
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Bankrupt cryptocurrency exchange FTX has revealed a “massive shortfall” in its digital asset and fiat currency holdings, with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.
On March 2, the exchange released a presentation showing FTX had $2.2 billion in exchange wallets and fiat accounts, of which $694 million consisted of the most liquid “Category A Assets” that include cash, stablecoins, (BTC) and Ether (ETH) priced at the latest spot prices.
Continue Reading on Coin Telegraph
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