Market Cap: $2,657,853,323,773
24h Vol: $78,759,234,584
Cryptocurrencies: 30053
Markets: 114311
Cryptocurrencies: 30053
Markets: 114311
Market Cap: $2,657,853,323,773     
24h Vol: $78,759,234,584
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 .
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