FTX said it has identified an $8.9 billion shortfall in customer funds that it cannot account for.
This is the first time that the cryptocurrency exchange, which recently filed for bankruptcy, has pointed out how much money is lost.
The company said it found about $2.7 billion in assets, against $11.6 billion in outstanding balances in customer accounts.
The estimated value of assets and liabilities is based on cryptocurrency prices on the day of the company’s bankruptcy filing in early November.
Manager John J. Ray III, a restructuring veteran, said it’s not yet possible to predict how much money customers will be able to recoup. “The exchange’s books and records are incomplete and, in many cases, entirely missing,” he said in a statement.
“For these reasons, it is important to note that this information is still preliminary and subject to change.” Source: Dow Jones Newswires.
Source: CNN Brasil
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