A concerted effort to identify and inventory the remaining assets of failed cryptocurrency exchange FTX has revealed "the magnitude of the shortfalls discovered in the fiat bank accounts and digital asset wallets associated with the FTX.com and FTX.US exchanges," according to a presentation filed by FTX Debtors in the firm's Chapter 11 bankruptcy cases Thursday. $2.2 billion of total assets have been located, according to the presentation, of which only $694 million are the most liquid currencies, such as fiat, stablecoin, BTC or ETH. Against these holdings—and another $385 million in customer receivables—are $9.3 billion in net borrowing by Alameda Research. And FTX CEO John J. Ray III warned that all the facts are not yet in. (Decrypt)
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