The crypto exchange FTX has collapsed. And the collapse of this major crypto exchange has led to the disappearance of at least $100 million of customers.
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The crypto exchange FTX has collapsed. and this big Crypto Exchange At least $100 million of customers have disappeared from the collapse. According to a Reuters report, Sam Bankman, the founder of the exchange, took $ 10 billion of customers from FTX without informing anyone. Fund Transferred his trading company to Alameda Research. It has been told in the report that a large part of this total amount has disappeared since that time.
How was the fraud detected?
Some are estimating the missing amount to be $1.7 billion. At the same time, some other people say that this amount is between $ 100 million to $ 200 million. Everyone is aware that FTX has sent customer funds to Alameda. At the same time, for the first time about the disappearance of funds has come to know.
According to the report, the disappearance of funds has been traced from the records shared by Bankman-Fried with other senior officials last Sunday. From these records, the situation till today has been known on time. Reuters has been informed about this by people working in senior positions at FTX, who were working on the exchange till this week. He has told that the top officials have given him information on the financial condition of the company.
Filed for bankruptcy on Friday
FTX filed for bankruptcy on Friday. Earlier this week, customers were withdrawing in large numbers. It also tried to strike a deal with its rival exchange Binance. But they failed in this. And after that the exchange completely collapsed.
According to the report, the bankmen have said that they disagree with the way this $10 billion transfer was presented. He said that this amount has not been transferred secretly. FTX and Alameda also did not comment on the missing funds. In a tweet on Friday, he said that they have been country what had happened at FTX. He wrote that he is very surprised about the things that happened earlier this week. The bankmen says that they will soon write a complete post on the whole incident.