The debtors in FTX’s chapter case hreported the varied firm silos had greater than $4 billion in scheduled belongings as of November 2022, however stated they had been nonetheless investigating the agency’s crypto holdings.
In a March 17 submitting with United States Chapter Courtroom for the District of Delaware, FTX debtors submitted a presentation to the committee of unsecured collectors on its Assertion of Monetary Affairs, or SOFAs, which additionally detailed the scheduled belongings and claims of the corporate. In keeping with the submitting, the West Realm Shires silo — which incorporates FTX US and Ledger X — FTX.com, Alameda Analysis, and FTX Ventures had roughly $4.8 billion in scheduled belongings and $11.6 billion in scheduled claims.
FTX Debtors make obtainable abstract presentation of the filed Schedules and SOFAs: https://t.co/Lr8PqxTHBt
— FTX (@FTX_Official) March 17, 2023
The info was based mostly on petitioning financials from the 4 silos in November 2022. In keeping with the report, Alameda held the vast majority of the scheduled belongings at roughly $2.6 billion, however had “probably materials claims which have been filed as undetermined”. FTX.com had greater than $11.2 billion in scheduled claims, however claims from FTX Ventures had been undetermined.
A lot of the info surrounding cryptocurrency holdings or transactions within the debtors’ report was not obtainable. The presentation reported $25 million in donations — political and in any other case — from three of the silos, however added “restricted info” was obtainable on crypto donations.
Of the crypto-collateralized loans — largely in FTT tokens — made by the FTX corporations, debtors reported greater than 53 million tokens together with Bitcoin (BTC), Ether (ETH), XRP, and USD Coin (USDC). Nonetheless, they stated “extra tracing of pockets and blockchain exercise stays an ongoing matter”.
An investigation into crypto transactions as a part of payments to FTX company insiders was additionally reported to be “ongoing”. Former CEO Sam Bankman-Fried acquired greater than $2.2 billion of the funds.
FTX’s chapter case has been ongoing because the agency filed for Chapter 11 protection in November 2022. As well as, Bankman-Fried faces each legal and civil circumstances for his involvement in alleged fraudulent actions on the firm.