FalconX: Funds trapped in FTX account for about 18% of the company's available capital
ChainCatcher news, cryptocurrency broker FalconX told its clients that despite the existence of funding risk exposure related to FTX, the company's financial condition remains healthy.
FalconX revealed that funds trapped in FTX account for about 18% of the company's disposable capital. Nevertheless, the company is still one of the most capital-rich firms in the industry, as it has decades of operating budget and a debt-to-equity ratio as low as 4%.
FalconX also stated that the company has not engaged with Alameda Research, Genesis, or BlockFi. (The Block)
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