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SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and "run on the bank" reduced it to $9B ahead of the bankruptcy (Nikhilesh De/CoinDesk)

Photo of Grace Will Grace Will November 23, 2022
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Nikhilesh De / CoinDesk:

SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy  —  The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.



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