Cointime

  • BTC $17096.44 0.04 %
  • ETH $1276.87 0.07 %
  • BCH $111.10 0.18 %
  • SOL $13.64 0.07 %
  • XRP $0.39 -0.05 %
  • BNB $291.70 0.03 %

FTX Group Has Cash Balance of $1.24 Billion, New Bankruptcy Filing Shows

1 min read Original Link

FTX Group, which filed for Chapter 11 bankruptcy protection on Nov. 11, has a combined cash balance of $1.24 billion, according to a new court filing.

The filing, submitted late Monday by FTX Group's proposed financial advisor Alvarez & Marsal North America LLC, shows an updated summary of the group's cash balances as of Nov. 20. The latest figures are "substantially higher cash balances than the Debtors were in a position to substantiate as of Wednesday, Nov. 16," it reads.

(By Yogita Khatri)

All Comments