November 29, 2022

FTX held lower than $1bn in liquid property towards $9bn in

FTX held less than 1bn in liquid assets against 9bn

FTX held less than 1bn in liquid assets against 9bn

Sam Bankman-Fried’s fundamental worldwide FTX alternate held simply $900mn in simply sellable property towards $9bn of liabilities the day earlier than it collapsed into chapter 11, in line with funding supplies seen by the Monetary Instances.

The biggest portion of these liquid property listed on a FTX worldwide stability sheet dated Thursday was $470mn of Robinhood shares owned by a Bankman-Fried car not listed in Friday’s chapter submitting, which included 134 company entities.

The…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *