Published 1 year ago

FTX presentation shows ‘massive shortfall’ in firm’s assets

Summary by Ground News

Bankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing. On Mar. 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"

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Cointelegraph

FTX presentation shows ‘massive shortfall’ in firm’s assets

Crypto exchange FTX has presented further information on the firm's assets, revealing billions of dollars are missing from exchange wallets and cash accounts.

1 year ago

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decrypt.co

Debtors Declare 'Massive Shortfall' in FTX Assets, FTX US Also In the Red

"The exchanges' assets were highly commingled, and their books and records are incomplete and, in many cases, totally absent."

1 year ago

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Crypto News Gap

crypto news – Debtors Declare ‘Massive Shortfall’ in FTX Assets, FTX US Also In the Red

crypto news, A concerted effort to establish and stock the remaining belongings of failed cryptocurrency alternate FTX has revealed "the magnitude of the shortfalls

1 year ago

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The Block

FTX stakeholder report shows 'massive shortfall' of assets

FTX has a “massive shortfall” in assets, according to a presentation filed Thursday in the bankruptcy proceedings of the failed crypto exchange.

1 year ago

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Telegraph

FTX stakeholder report shows 'massive shortfall' of assets

It's still not possible to accurately calculate or predict customer recoveries at this time, FTX CEO John Ray III said in a new presentation filed Thursday in the failed crypto exhange's ongoing bankruptcy proceedings. The presentation confirmed a “massive shortfall” in assets for FTX and its corporate family. Using spot prices as of March 1, more than $2.2 billion in total crypto assets have been located in wallets associated with FTX.com. Of t…

1 year ago

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