FTX Sees Bankruptcy Possible, Faces $8 Billion Shortfall

FTX faces a significant financial crisis with an $8 billion gap in its balance sheet, larger than Robin Hood's market value. The company seeks $4 billion from investors to avoid bankruptcy, but this is challenging due to global exposure and previous investments. The situation poses risks to the broader industry, with potential failures of firms linked to FTX. Consumers and institutional clients may face losses, and without industry intervention, the market could experience further instability.

What was the amount raised by FTX from investors last year?

What does JP Morgan believe about the future risks in the industry due to FTX's situation?