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
Bitwise: The BTC bottom may be in the cost price range of BlackRock IBIT at 84,000 and Strategy at 73,000
The US dollar continues to weaken, analysts expect the Federal Reserve to hold rates steady in December
The US Dollar Index (DXY) has fallen below 100, down 0.23% on the day.
Standard Chartered Bank expects the Federal Reserve to cut interest rates in January 2026
Trending news
MoreCrypto prices
More
