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Published 1 year ago

Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’ – Bitcoin News

Summary by Ground News
Onchain data from the intelligence and research firm Glassnode suggests FTX's cracks had formed as far back as May-June. FTX’s bitcoin (BTC) wallet held 20,176.84 bitcoin on Nov. 5, 2022, and the BTC that is currently worth $326.43 million vanished without a trace. The researchers detail that in June, FTX.s ethereum (ETH) reserves slipped by 55.2% as 576,000 ether left the exchange.

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