Brett Harrison
Founder and CEO
Architect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
Brett Harrison
Founder and CEO
Architect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
:format(jpg)/www.coindesk.com/resizer/7yvw9zn0iWmHsXAJrGZubEPGp8w=/arc-photo-coindesk/arc2-prod/public/VDM35SWTPZAUFAK7YES7XYT6LA.jpg)
Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
Brett Harrison
Founder and CEO
Architect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
Brett Harrison
Founder and CEO
Architect
Don’t miss “FTX: What Happened” with the former president of FTX’s U.S. arm and Anthony Scaramucci.
Sam Bankman Fried’s crypto empire had a $6.8 billion shortfall in its balance sheet when it filed for bankruptcy last November, according to a presentation filed to the bankruptcy court on Friday.
That included a deficit of $10.6 billion in the main FTX.com enterprise and one of $87 million in FTX.US. Sister trading firm Alameda Research had net assets of $2.6 billion, while FTX Ventures had net assets of $1.3 billion.
In total, the group of companies had debts of about $11.6 billion, the majority of that in customer claims, against $4.8 billion in assets.
The advisers noted that the statements were unaudited and subject to change.
Bloomberg earlier reported on the presentation.
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Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
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Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
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