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Bloomberg: FTX had a cash balance of $1.43 billion at the end of last year, up from $1.24 billion on November 20

2023-02-01 13:30:12
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ChainCatcher news, according to Bloomberg, based on the mid-term financial update, the bankrupt FTX Group held $1.43 billion in cash at the end of last year, up from $1.24 billion on November 20. The latest data from one entity, the defunct trading firm Alameda Research, shows $876.6 million, compared to $401 million in November. Management is screening assets to understand how much can be returned to creditors.

Additionally, FTX's employee count decreased from 320 at the time of bankruptcy on November 11 to 195 by the end of December, a reduction of nearly 40%. (source link)

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