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FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

Commingling and misuse of customer funds occurred from the start at FTX, says current CEO John J. Ray III, and senior executives knew of the shortfall as early as August 2022.

By Jesse Hamilton|Edited by Stephen Alpher

Updated Jun 27, 2023, 4:24 p.m. Published Jun 26, 2023, 5:40 p.m.

Sam Bankman-Fried leaves a federal court in Manhattan (Elizabeth Napolitano / CoinDesk)