“Beyond Our Ability To Help” – Binance Abandons FTX Deal; SBF Admits $8 Billion Shortfall, Bankruptcy Likely

by Tyler Durden

Wednesday, Nov 09, 2022 – 02:55 PM

Update (1655ET): The Wall Street Journal reports that Sam Bankman-Fried told investors today that FTX has a shortfall of $8 billion, was seeking emergency liquidity, and that without more capital, bankruptcy is likely.

Some have suggested the hole in the FTX balance sheet is even larger given the assets sloshing around within Alameda…

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