FTX Discloses ‘Substantial Shortfall’ of Customer Assets

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Bankrupt cryptocurrency exchange FTX hasn’t found enough cash and assets to make customers whole

, suggesting a long road ahead as it works to get money back to the platform’s users.

FTX said Tuesday that a probe of its balance sheet has shown its holdings of customer funds are lower than the exchange’s internal accounts had indicated, a sign that customers’ cryptocurrency was moved out of custodial accounts without their knowledge. FTX also said it found that a small group of individuals at the company had the ability to remove digital assets from the exchange without any recordkeeping. “Based on current estimates of the...

 

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Brilliant deduction!

Its chocolate youre flinging right sam?... He didnt know, look at these new faked insider details on obvious fraud and degeneracy

A soon to be normal outcome for people investing $ in Liberal firms that give their money away to ESG causes. Where did my money go? Lol

but could at least afford Supercuts….

Here's an idea get the money from the politicians it was donated to..

Surprisingly though, a significant amount had been secured.

Ya don’t say….it’s almost like..oh I don’t know..some of the funds were misappropriated

I see a smart man in the picture

I just want to shave his head so badly 🪒

Surprise, surprise, surprise.

1) What

Because they PAR-TIED!

How was it going to, noone’s going toinvest in that Ponzi scheme and have all your money go to the first lot that we’re ripped off.

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Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto DebtThe founders of bankrupt crypto hedge-fund firm Three Arrows Capital are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims Let’s call it ShitEx 😅 Another Ponzi scheme 😂😂🤔 When this one fails, will they be creating an exchange where people can trade claims to their claims to the insolvent crypto firms?
Source: WSJ - 🏆 98. / 63 Read more »