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ETH $1,905.73 +0.81%
BNB $604.33 +0.18%
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TRX $0.3310 -0.12%
DOGE $0.0702 +0.42%
ADA $0.1739 -1.20%
BCH $204.59 +0.13%
LINK $9.49 +0.47%
HYPE $59.45 +2.81%
AAVE $89.03 +2.80%
SUI $0.6739 +0.24%
XLM $0.1572 +0.44%
ZEC $514.75 +4.96%

On the eve of bankruptcy, FTX had only $900 million in liquid assets to address $8.9 billion in debt

2022-11-13 10:14:02

According to ChainCatcher news, the Financial Times reported that on the eve of bankruptcy, FTX's liquid assets were only $900 million, while liabilities amounted to $8.9 billion.

The report cites investment materials indicating that FTX's largest readily sellable asset is Robinhood stock worth $470 million, which is owned by an external corporate entity of CEO Sam Bankman-Fried. Although officially headquartered outside the United States, $5.1 billion of FTX's reported liabilities are denominated in U.S. dollars. (source link)

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