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jumanji0881

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jumanji0881

Re: jumanji0881 post# 37810

Saturday, 11/12/2022 4:12:55 PM

Saturday, November 12, 2022 4:12:55 PM

Post# of 37919
The FTX Saga-

FTX Held Just $900MM In Liquid Assets Vs $9BN In Liabilities As Video Emerges Conf irming Alameda Knew It Was Pilfering Client Funds
https://www.zerohedge.com/markets/ftx-held-just-900mm-liquid-assets-vs-9bn-liabilities-video-emerges-confirming-alameda-knew

My Comment: It's now being said that SBF is on a plane to Argentina to avoid extradition. FTX investors will get nothing. How would anyone trust cryptos now? FTX's $32Billion market cap reduced to zero overnight!!

FTX was valued at $32 billion in 1Q22. Now the value is likely zero as restructuring specialist John J. Ray III, who handled Enron's liquidation, has been hired to oversee the bankruptcy.
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