Market Cap: $2,503,650,828,181
24h Vol: $125,659,173,164
Cryptocurrencies: 28611
Markets: 116162
Cryptocurrencies: 28611
Markets: 116162
Market Cap: $2,503,650,828,181     
24h Vol: $125,659,173,164
cryptonews 2022-11-11 10:12:00

FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?

FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?
Sam Bankman-Fried’s troubled cryptocurrency exchange FTX lent billions of dollars in user funds to its sister company Alameda Research to fund risky bets. According to a recent report by The Wall Street Journal, the exchange provided up to $10 billion in loans using money that customers had deposited. Since FTX had $16 billion in customer assets, the exchange had lent more than half of its customer funds. ... Read More: FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?
esptco-banner img
Latest News

Videos

  • Tether USDT Coin : What It Is & What You Can Do With It? Simply Explained!

  • Top 5 Graphic Cards for Mining in 2022 : Discover the Best GPUs for Cryptocurrency!

  • A Step by Step Guide To Use and Utilize Cryptocurrency!

  • What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire