FTX holds $1.16 billion in SOL and $200 million in Bahamian real estate

2023-09-11 22:44:06
Collection

ChainCatcher news, according to CoinDesk, FTX has raised approximately $7 billion in assets, including $1.16 billion in SOL and $560 million in BTC, according to a court filing submitted on Monday.

In addition to the $1 billion held on November 11, the company also received $1.5 billion in cash and held $3.4 billion worth of cryptocurrencies as of August 31. Furthermore, the company holds over $300 million worth of more than 1,300 lesser-known tokens with potentially lower liquidity, such as MAPS and serum (SRM).

The document also details the $2.2 billion in cash, cryptocurrencies, equity, and real estate received by Bankman-Fried and other executives like Nishad Singh, Zixiao "Gary" Wang, and Caroline Ellison in the months leading up to the bankruptcy, which may be significant as U.S. law allows for the recovery of these funds and their inclusion in the pool of assets available for creditors. The filing also reported 38 apartments, penthouses, and other properties in the Bahamas, valued at approximately $200 million.

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.
banner
ChainCatcher Building the Web3 world with innovators