Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers

Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers

Telegram chats facilitating small over-the-counter (OTC) markets viewed by CoinDesk reveal buyers are bidding about 10 cents to 15 cents on the dollar for the locked-up funds, while sellers are generally looking to offload their balances at around 20 cents to 33 cents.

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