SBF tells investors FTX needs $8B in emergency funding: WSJ

cointelegraph.com

8 pointspaulpauper3 comments

Wasn’t this 4B like 20 minutes ago

Their FTT token, which they used as collateral and in their balance sheets has gone down from ~$22 to $2 in the last 48 hours.

This new number likely includes the fact that FTT is completely useless and effectively $0.

I don't care that much about FTX. My only hope is that SBF actually gets sent to jail. An example needs to be made.