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FalconX Says FTX Exposure Represents 18% of ‘Uncorrelated Cash Equivalents’ by Cointelegraph

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Cryptocurrency trading firm FalconX revealed that it suffered losses in the FTX crash.

According to the company, its assets locked into FTX account for only 18% of its “unencumbered cash equivalents.” However, the company added that this ratio fell well within its counterparty exposure limits.