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# FTX’s Balance Sheet Was Bad
- URL: https://werd.io/ftxs-balance-sheet-was-bad/
- Published: 2022-11-15T06:45:43.000Z
- Updated: 2022-11-15T06:45:43.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:22

“The problem was in its balance sheet, which was full of snakes, and its governance, which put all the snakes there.” [#Crypto](https://werd.io/tag/Crypto)

\[[Link](https://www.bloomberg.com/opinion/articles/2022-11-14/ftx-s-balance-sheet-was-bad)\]