Market Cap: $3,363,512,843,742
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Cryptocurrencies: 26585
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Cryptocurrencies: 26585
Markets: 104250
Market Cap: $3,363,512,843,742     
24h Vol: $68,523,822,230
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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