Part of the funds FTX uses to support Alameda Research comes from customer deposits, Reuters reported, citing sources who knew about the matter.
Bankman-Fried At least $4 billion has been transferred in FTX funds, which are guaranteed by assets including FTT and shares in trading platform Robinhood Markets Inc (HOOD).
Part of these FTX funds are client deposits. But it is not possible to determine the exact value of these assets.
Reuters also reported that OKX was contacted by Bankman-Fried After Binance Withdraws, But Says It Has $7 Billion in Debt So had to retreat to another one.
“Even Elon Musk couldn’t raise $7 billion within hours of negotiations. That is too much for us,” Lennix Lai, OKX director of financial markets, told Reuters.
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