FTX Hack and Balance Sheet Mystery – Crypto Prices Weak As Up to $2 Billion of Client Funds Missing. Where is SBF?
Aside from losses resulting from the FTX hack, the bankrupt exchange is apparently unable to account for $1 billion to $2 billion of client funds, say people familiar with the matter, and its balance sheet shows liabilities of $8,859 million against assets of just $899 million.