The post FTX Exchange in $8.7B Debt to Clients Amid Bankruptcy: Misappropriation of Funds Revealed appeared first on Coinpedia Fintech News
In a startling revelation, the bankruptcy team delving into the financial details of the defunct FTX exchange has uncovered a massive $8.7 billion debt owed to customers. The exchange, once lauded as a significant player in the cryptocurrency market, has plunged into an abyss of debt following a series of questionable financial practices that have left customers in the lurch.
$7 Billion In Liquid Assets Have Been Recovered
According to a detailed report released today, a significant chunk of the money owed to customers – approximately $6.4 billion – was in the form of fiat currency and stablecoins that had been misused and misappropriated.
The misappropriation of funds has sent shockwaves through the financial community, raising pertinent questions about the oversight and management practices at the now-bankrupt FTX exchange.
The exchange had
We współpracy z: https://coinpedia.org/news/ftx-exchange-in-8-7b-debt-to-clients-amid-bankruptcy-misappropriation-of-funds-revealed/
