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BTC $77,742.14 -3.20%
ETH $2,442.06 -2.89%
BNB $690.15 -3.10%
XRP $1.38 -4.87%
SOL $104.11 -4.61%
TRX $0.3417 +1.24%
DOGE $0.0851 -4.37%
ADA $0.2023 -5.60%
BCH $248.18 -8.20%
LINK $11.44 -4.36%
HYPE $81.05 -4.62%
AAVE $122.12 -5.01%
SUI $0.7413 -4.87%
XLM $0.1787 -4.94%
ZEC $802.95 -1.35%

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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