FTX cannot account for $1 billion of client’s funds
New information
has surfaced that the defunct crypto exchange FTX has lost
at least $1 billion of customer assets.
FTX exchange has reportedly lost $1 billion worth of client funds. According to sources, the founder of the FTX,
secretly diverted $10 billion from the exchange to his trading company Alameda Research. One source estimated the lost money
to be around $1.7 billion. The other stated a $1 billion to $2 billion deficit.
