FTX's Bitcoin Balance Plunges to Just One
Amid concerns about the health of FTX, investors have withdrawn bitcoin (BTC) en masse, bringing the crypto exchange's balance to essentially zero.
Data from Coinglass showed a bitcoin balance at FTX of just one as of press time. That balance had been about 20,000 for the past month through as recently as 24 hours ago.
Coinglass numbers show total bitcoin balances across all exchanges of just over 2 million, down just marginally over the past 24 hours. The two largest holders are Coinbase Pro and Binance, each with more than 500,000 coins.