News/SBF Claims FTX Had $13B of Leverage

SBF Claims FTX Had $13B of Leverage

Nov 17,2022,08:22

SBF continues to explain on Twitter "WHAT HAPPENED", saying that FTX had around $13b of leverage.

SBF said his estimates of the exchange's leverage was roughly $5b, backed by around $20b of assets which had risks, including $FTT. When the crash came, the asset value collapsed, with no bid side liquidity, and there was a run on the bank at the same time. Roughly 25% of customer assets were withdrawn each day, which was around $4b. 

SBF added that he was wrong, and the leverage was not $5b, but $13b.

Source
Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms here
LastSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEOSBF Doesn't Speak on FTX's Behalf after Resignation, Says FTX New CEO
NextCoinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)Coinbase to List Lido DAO ($LDO)
Share
NewsMore
    Loading...