Former FTX Head of Institutional Sales Discloses FTX Financial Data: Liabilities of $8.8 Billion, Liquidity Gap of $7.9 Billion

2022-11-11 21:57:38

Collection

ChainCatcher news, former FTX institutional sales head Zane Tackett spoke out for the first time after being fired, stating, "I obviously have a say in this matter, but I'm interested in hearing others' thoughts. Currently, FTX has two options: A) Bankruptcy; B) Token," and disclosed the financial data he has seen:

Liabilities (user assets): $8.8 billion, liquid assets (USD/JPY/DAI): $900 million, illiquid assets (GBTC/ETHE/SOL): $2.037 billion, temporarily illiquid assets (long-term equity investments): $3.2 billion, liquidity gap: $7.9 billion, non-liquid gap: $2.66 billion.

In addition, Zane Tackett mentioned that in the past few days, he has spoken with some of our major clients, who expressed interest in exploring a token model to address the shortfall and indicated that it is preferred over any bankruptcy proceedings. (source link)

Related tags

FTX financial data

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.