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FTX Only Had $1 Million in Bitcoin at Time of Bankruptcy Petition Filing

Bitget2024/09/28 21:35

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.

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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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