🚨FTX UPDATE
FTX Executives Knew of $8.9 Billion missing customer fund
A failed exchange, & its debtors just released their 2nd report on its collapse. In the report, there are disturbing revelations about commingling & improper use of customer deposits by its former management team.
In fact, the FTX leadership knew of massive losses and missing funds months before the exchange unraveled. They only keep it to themselves.
Key Notes:
✔️FTX and its debtors have released a second report documenting the commingling and misuse of customer deposits by its former management.
✔️Executives were aware of an $8 billion customer asset shortfall in August 2022, according to the report.
✔️The disgraced former CEO, Sam Bankman-Fried, currently faces eight charges in a New York court
