FTX Exchange Resurfaces with an Outstanding Debt of $8.85 Billion: Comprehensive Report

In November 2022, a major market downfall led to the bankruptcy of several crypto firms, and forced Bitcoin (BTC) below $16,000. Among the affected was FTX exchange, whose recovery is currently underway. A startling series of 21 PDF reports, revealing some striking numbers, was recently released. FTX Owes Its Customers $8.85 Billion Under the leadership of John Ray, the newly appointed CEO during the bankruptcy period, FTX released a comprehensive series of 21 PDFs regarding customer claims. The reports, part of the efforts to resurrect the crypto exchange, were analyzed by a user named Rana Mallah who shared the shocking results on his personal Twitter account. Mallah’s comprehensive analysis of the reports reveals that FTX owes its customers a total of $8.85 billion. Approximately $700 million of this debt is in FTX Token (FTT), Solana (SOL), and Serum (SRM). It was reported that of the 1.5 million accounts listed as […] The post FTX Exchange Resurfaces with an Outstanding Debt of $8.85 Billion: Comprehensive Report appeared first on COINTURK NEWS.