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coinpedia 2023-06-26 18:36:16

FTX Exchange in $8.7B Debt to Clients Amid Bankruptcy: Misappropriation of Funds Revealed

The post FTX Exchange in $8.7B Debt to Clients Amid Bankruptcy: Misappropriation of Funds Revealed appeared first on Coinpedia Fintech News In a startling revelation, the bankruptcy team delving into the financial details of the defunct FTX exchange has uncovered a massive $8.7 billion debt owed to customers. The exchange, once lauded as a significant player in the cryptocurrency market, has plunged into an abyss of debt following a series of questionable financial practices that have …

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