Sam Bankman-Fried's FTX had a gargantuan $7 billion hole in its balance sheet when it collapsed last year

Sam Bankman-Fried's FTX had a gargantuan $7 billion hole in its balance sheet when it collapsed last year

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The FTX crypto empire had a roughly $6.8 billion gap in its balance sheet when it filed for bankruptcy last year, advisers to the group have determined. Assets across Sam Bankman-Fried’s crypto conglomerate totaled about $4.8 billion against debts of roughly $11.6 billion when FTX and affiliates…

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