FTX debtors release second investigative report, disclosing that FTX owes customers approximately $8.7 billion

ChainCatcher news, according to The Block, FTX debtors released a second investigation report on Monday detailing the mixing and misuse of customer deposits at the exchange. CEO and Chief Restructuring Officer John J. Ray III stated in a statement, "From the inception of the FTX exchange, the FTX group has mixed customer deposits with company funds and has arbitrarily misused them under the guidance and design of former executives." The report states that FTX owes customers approximately $8.7 billion. The third investigation report is expected to be released in August 2023. (source link)