Market Cap: $2,164,140,331,615
24h Vol: $65,529,539,079
Cryptocurrencies: 29407
Markets: 111434
Cryptocurrencies: 29407
Markets: 111434
Market Cap: $2,164,140,331,615     
24h Vol: $65,529,539,079
CoinGape 2022-11-23 03:16:18

FTX Reports $51 Billion Crash In Collateral, Sequoia Apologises Investors

FTX Reports $51 Billion Crash In Collateral, Sequoia Apologises Investors
On Tuesday, November 22, in a letter to staff, FTX founder Sam Bankman-Fried outlined a $51 billion crash in the company’s collateral which has dropped to $9 billion from $60 billion. In his letter obtained by Bloomberg, SBF wrote that a combination of sell-offs in cryptocurrencies, a credit squeeze, and a “run on the bank” The post FTX Reports $51 Billion Crash In Collateral, Sequoia Apologises Investors appeared first on CoinGape .
esptco-banner img
Latest News

Videos

  • Solana Coin (SOL): Everything You Need to Know

  • NFT Marketing: How to market your NFTs?

  • Stellar XLM: What is Stellar Lumen? EXPLAINED!

  • Top 5 Crypto Exchanges 2022: Best Crypto Exchanges to Work With!

Our Partners

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