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ETH $1,909.85 +2.01%
BNB $605.13 +0.65%
XRP $1.00 +1.21%
SOL $75.90 +2.01%
TRX $0.3309 +0.01%
DOGE $0.0702 +1.08%
ADA $0.1742 -0.06%
BCH $204.67 +0.46%
LINK $9.50 +1.29%
HYPE $59.58 +4.12%
AAVE $89.16 +4.06%
SUI $0.6736 +0.73%
XLM $0.1576 +0.93%
ZEC $512.53 +5.56%

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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