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The Daily Hodl
2022-11-10 23:01:05

Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report

Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report

A new report claims that troubled crypto exchange platform FTX lent billions of dollars worth of its customers’ assets to fund its quantitative trading branch. According to The Wall Street Journal, FTX CEO and founder Sam Bankman-Fried told investors that Alameda Research owes FTX about $10 billion worth of customer funds. The source says that The post Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report appeared first on The Daily Hodl .

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