It has been revealed that the bankrupt cryptocurrency exchange FTX misrepresented the balance of its public insurance fund, showing random numbers and daily trading volume-based formulas instead of the actual fund amount. Gary Wang, co-founder of FTX, admitted that the actual insurance fund balance is much lower than the amount displayed on the platform’s website. The post FTX Founder Admits Insurance Fund Balance Was Misrepresented appeared first on COINTURK NEWS.