News Explorer — Bankrupt FTX Increases Cash to $4.4 Billion After Selling Crypto

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Jan 29, 4:24 am

Unchained Crypto

Bankrupt FTX Increases Cash to $4.4 Billion After Selling Crypto

Bankrupt crypto exchange FTX has been selling off its crypto holdings to increase its cash reserves ahead of repaying creditors. The four largest entities within the FTX group have almost doubled their cash reserves to $4.4 billion since October. FTX wallets have been depositing funds to other exchanges and unstaking large amounts of crypto from staking platforms.

Bankrupt crypto exchange FTX has been selling off its crypto holdings to increase its cash reserves ahead of repaying creditors. The four largest entities within the FTX group have almost doubled their cash reserves to $4.4 billion since October. FTX wallets have been depositing funds to other exchanges and unstaking large amounts of crypto from staking platforms.

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