FTX scandal: FTX has $9 billion in debt and less than $1 billion in liquid assets
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The day before FTX.com filed for bankruptcy, Sam Bankman-Fried’s crypto-currency exchange had only $900 million in liquid assets against $9 billion in liabilities, according to documents received by the Financial Times. The majority of those liquid assets, which were listed in an FTX balance sheet dated Thursday, consisted of $470 million in Robinhood stock held […]