{"id":22214,"date":"2023-03-02T15:40:28","date_gmt":"2023-03-02T23:40:28","guid":{"rendered":"https:\/\/coinnetworknews.com\/ftx-presentation-shows-massive-shortfall-in-firms-assets\/"},"modified":"2023-03-02T15:40:28","modified_gmt":"2023-03-02T23:40:28","slug":"ftx-presentation-shows-massive-shortfall-in-firms-assets","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/ftx-presentation-shows-massive-shortfall-in-firms-assets\/","title":{"rendered":"FTX presentation shows ‘massive shortfall’ in firm’s assets"},"content":{"rendered":"
Bankrupt cryptocurrency exchange FTX has revealed a “massive shortfall” in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.\u00a0 <\/p>\n
On Mar. 2 the exchange released a presentation<\/a> showing FTX had $2.2 billion in exchange wallets and fiat accounts of which $694 million consisted of the most liquid “Category A Assets” that include cash, stablecoins, Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) priced at the latest spot prices.<\/p>\n Only $191 million of total assets were located in the wallets of the accounts associated with FTX US, in addition to $28 million of customer receivables and $155 million of related party receivables.<\/p>\n