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FTX Was Supposed to Have $20 Billion in Customer Crypto—It Only Held $5 Billion

An expert witness called in Sam Bankman-Fried's trial said between January 2021 and October 2022 FTX never had all its customer's crypto funds.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

FTX Was Supposed to Have $20 Billion in Customer Crypto—It Only Held $5 Billion
An expert witness called in Sam Bankman-Fried's trial said between January 2021 and October 2022 FTX never had all its customer's crypto funds.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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