FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”
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Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline.