FTX Only Had $1 Million in Bitcoin at Time of Bankruptcy Petition Filing
On September 29, according to HODL15Capital monitoring, at the time of the Chapter 11 bankruptcy filing, FTX was severely short of spot bitcoin, holding only 0.1% of the bitcoin that customers thought the exchange was holding.FTX had only $1 million in bitcoin at the time of the bankruptcy filing, compared to customer balances of $1.6 billion.
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