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Remarkably, the last presentation shows that the now deceased exchange holds only 1 bitcoin for the 1,591 it owes to its clients. He is available on Twitter and Instagram @temp_projects, where he often recalls financial and artistic news, scandals and events.
In a presentation filed on Thursday by FTX Debtors in the company’s Chapter 11 bankruptcy cases, it was reported that a collaborative attempt to locate and catalog the remaining assets of the defunct cryptocurrency exchange FTX has uncovered the extent of the deficiencies found in the fiat bank accounts and digital asset wallets linked to the FTX.com and FTX.In total, it was revealed that the Exchange owes a total of $8.7 billion to its clients, mainly divided between liquidity and stabilization assets.
Also Ethereum, Solana and hundreds of other token users were previously permitted to trade on FTX.com and FTX US.
(Source: FTX) In a presentation submitted Thursday by FTX debtors in cases of bankruptcy of the company Chapter 11, it was reported that a collaborative attempt to locate and catalog the remaining assets of the defunct cryptocurrency exchange FTX has uncovered the extent of the deficiencies found in the fiat bank accounts and digital asset wallets linked to the FTX.com and FTX. $2.2B of secured assets – still no details on privileged creditors, The bankruptcy process should take years. The submission indicates that $2.2 billion in assets have been identified, with only 694 million dollars in very liquid foreign exchange as fiat, stablecoin, btc, or eth.
As well as 385 million dollars in receivables, these assets are offset by the net loans of 9.3 billion dollars alameda research.
According to the deposit, "Today, a total of $191 million in assets were discovered in FTX-related accounts.Over $28 million in receivables and $155 million in related claims."US exchange.”
FTX CEO promises to continue to disclose information publicly
The presentation also revealed that "Unauthorized transfers have removed an additional $293 million from portfolios whose relationship with the FTX is provisionally established.
The presentation also revealed that COM exchange and $139 million in FTX-related portfolios on an interim basis.unauthorized transfers have withdrawn an additional $293 million from wallets tentatively traced to the ftx.com exchange and $139 million from wallets tentatively linked to the ftx.They add that this contrasts with $335 million in client claims and $283 million in related party claims that are payable.although the presentation highlights that the information presented is preliminary and should not be used for any purpose, ray, Senior Restructuring Officer for the ftx debtors Group, stressed the importance of sharing updates. "It took a lot of effort to go that far," Ray added in a statement.
The assets of the stock exchanges were very mixed, and their books and registers are incomplete and, in many cases, completely absent.
As far as Ray is concerned, "We believe it is essential to provide transparency to stakeholders by making this information public for the time being, rather than waiting to be able to confirm it with certainty. The presentation of the ftx obligor group provides an update on the cash held by the group, from $5.5 billion to $6.1 billion since the Auditor General's last report in January.
The increase is primarily attributable to the discounted pricing of digital assets.
Dorian Batycka is a journalist interested in art and technology. Notably absent, however, $450 million in Sbf Robinhood shares, and the investment of ftx in human resources, $530 million in registered value, and many sbf properties reportedly owned across the country. Dorian batycka contributor to cryptoslatedorian batycka is an interested journalist of art and technology.
