Former FTX Head of Institutional Sales Discloses FTX Financial Data: Liabilities of $8.8 Billion, Liquidity Gap of $7.9 Billion

ChainCatcher news, former FTX institutional sales head Zane Tackett spoke out for the first time after being fired, stating, "I obviously have a say in this matter, but I'm interested in hearing others' thoughts. Currently, FTX has two options: A) Bankruptcy; B) Token," and disclosed the financial data he has seen:

Liabilities (user assets): $8.8 billion, liquid assets (USD/JPY/DAI): $900 million, illiquid assets (GBTC/ETHE/SOL): $2.037 billion, temporarily illiquid assets (long-term equity investments): $3.2 billion, liquidity gap: $7.9 billion, non-liquid gap: $2.66 billion.

In addition, Zane Tackett mentioned that in the past few days, he has spoken with some of our major clients, who expressed interest in exploring a token model to address the shortfall and indicated that it is preferred over any bankruptcy proceedings. (source link)