Amongst the various arms Sam Bankman-Fried’s fallen crypto empire, FTX.US has $260 million in cash. Bankman-Fried has repeatedly claimed that the U.S. wing is solvent. Last month he blogged that FTX US “had at least $111m, and likely around $400m, of excess cash on top of what was required to match customer balances.”
Related posts
-
Is The Crypto Winter Thawing? US Bitcoin ETFs Record First Inflows In Weeks
After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a... -
Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
President Joe Biden has issued an order that blocks... -
Crypto investment product net inflows see $130m rebound
Weekly digital asset investment products broke a five-week outflow streak as crypto traders in the U.S....