Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers

November 9, 2022

Telegram chats facilitating small over-the-counter (OTC) markets viewed by CoinDesk reveal buyers are bidding about 10 cents to 15 cents on the dollar for the locked-up funds, while sellers are generally looking to offload their balances at around 20 cents to 33 cents.

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