2023-03-08
FTX has
released a document showing $8.9 billion in customer funds are missing from
both ftx.com and ftx.us. FTX wallets showed a $9.3 billion net borrowing by Alameda Research, another company owned by Sam Bankman-Fried. ftx.com has
$8.6 billion missing funds. While, ftx.us has $116 million missing funds.
FTX filed Chapter 11 bankruptcy because Alameda
Research took funds from FTX customer accounts without authorization. John J. Ray
III, chief restructuring officer and FTX CEO has been trying to recover billions
of dollars from missing customer funds. Total missing customer funds is $11.6
billion. FTX can recover $2.7 billion worth of funds. However, $8.9 billion in customer funds are still missing.
