- FTX owes its customers $1.6B BTC with only $1M available.
- The bankrupt firm has $5.5 billion in liquid assets and over $11.5 billion in liabilities.
- Last week, Alameda Research sued one of its creditors, Grayscale.
The monumental scandal surrounding the balance sheet of the ក្ស័យធន FTX crypto exchange is far from being over. In a stunning revelation, a crypto analyst on Twitter highlighted that while FTX owes its customers a staggering $1.6 billion worth of Bitcoin (BTC), it only has $1 million in BTC in its possession.
Source: https://coinedition.com/ftx-statement-shows-1-6b-btc-user-debt-with-only-1m-available/