Breakdown of current FTX assets shows $3.5B in crypto, $250M in real estate

Recently released tribunal findings person revealed that FTX.com had $1.6 cardinal successful crypto assets astatine the clip of the bankruptcy petition.

However, the full worth of each assets recovered by FTX Debtors came to $5.5 billion, including cash, crypto, and illiquid securities.

Source: FTX docket

As $5.5 cardinal successful full assets were recovered with lone $1.6 cardinal linked to FTX.com, a shortfall was declared by the investigators. In addition, astir $1.9 cardinal successful crypto was attributed to Alameda betwixt blistery wallets and BitGo custody.

A further $181 cardinal was recovered from FTX US tied to BitGo custody accounts alongside the $90 cardinal that was ‘hacked’ by an insider alleged to beryllium SBF. SBF denied this accusation successful Twitter Spaces anterior to his arrest.

A descent from the platform revealed each crypto assets held by FTX which were deemed ‘illiquid.’ The largest holding of specified tokens was Serum (SRM), with a worth of $1.9 billion. The adjacent astir important holdings were SOLETH and MAPS astatine $561 cardinal and $521 million, respectively.

Source: FTX docket

While these holdings were deemed ‘illiquid’ by the investigators, respective tokens person progressive trading volumes. However, with $521 cardinal successful MAPS tokens, FTX held 15% of the full marketplace headdress of the project. Therefore, offloading the MAPS tokens would severely interaction the marketplace worth of MAPS.

In the descent below, investigators further disclosed a database of existent property properties owned by FTX. In addition, 36 properties passim the Bahamas were acquired done FTX funds for a full of $253 cardinal successful value.

Source: FTX docket

The properties ranged from exclusive penthouse accommodation to villas valued astatine up to $12.9 million. As elaborate passim the investigation, galore of these properties are alleged to person been idiosyncratic premises.

The papers besides confirmed that respective transactions are presently “under review,” including $93 cardinal of governmental donations, the $2.1 cardinal outgo to Binance for FTT tokens, $2 cardinal successful insider loans, $446 cardinal successful transfers to Voyager, an concern of $400 cardinal from Modulo Capital, and a ample fig of Robinhood shares.

The station Breakdown of existent FTX assets shows $3.5B successful crypto, $250M successful existent estate appeared archetypal connected CryptoSlate.