Analysis: FTX only had one million dollars in Bitcoin when filing for bankruptcy
HODL15Capital posted on X, reminding that FTX was severely lacking in spot Bitcoin when filing for Chapter 11 bankruptcy, holding only 0.1% of the Bitcoin that customers believe the exchange should have. At that time, FTX only had one million dollars in Bitcoin, while customer balances were 1.6 billion dollars.
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.
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