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ETH $1,779.13 -0.65%
BNB $569.35 -0.16%
XRP $1.06 -0.57%
SOL $74.84 -1.35%
TRX $0.3242 -2.00%
DOGE $0.0717 -0.69%
ADA $0.1572 -0.90%
BCH $232.37 -2.45%
LINK $7.90 -0.34%
HYPE $62.90 -5.94%
AAVE $95.69 +0.23%
SUI $0.7224 -0.75%
XLM $0.1786 -2.35%
ZEC $498.80 -4.68%

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
Collection

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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