SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy  —  The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations […]