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Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?
Money For the Rest of Us
FTX and Alameda - What Happened?
The Financial Times got to look at FTX's balance sheet, which was a spreadsheet that Bankman freed prepared. It showed that FTX had only $900 million worth of liquid assets backing $9 billion of liabilities. Most of FTX's assets are illiquid venture capital investments or crypto tokens that aren't widely traded. Where did the customers deposits go? We don't know.
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