FTX Token Plummets as Market Fears Possible Alameda Contagion
Since then, the market has grown concerned about FTX’s liquidity. The exchange has faced a massive stablecoin exodus, with $451 million being sent off its main platform during the last week, and $15 million being pulled from its U.S. subsidiary, according to Nansen data. Currently, FTX has a balance of $59.2 million USDC and $28.5 million USDT, along with $8.6 million BUSD. FTX US has $41 million USDC, $12.8 million USDT, $39 million PAX, and $11.3 million BUSD available.