FTX Group interim financial update contradicts court filing, shows exchange had $1.43B in cash

FTX Group released an interim fiscal update showing the institution held $1.43 cardinal successful currency astatine the extremity of 2022 — higher than the $1.24 cardinal reported connected Nov. 20, 2022, according to a tribunal filing.

Sister institution Alameda Research reported $876.6 cardinal successful the filing, arsenic opposed to $401 cardinal reported successful November 2022.

FTX headcount drops

The fig of FTX Group employees fell to 195 by the extremity of 2022 — a autumn of astir 40% from 320 connected Nov. 11, erstwhile the steadfast filed for bankruptcy.

Administrators are presently assessing the aftermath of the FTX bankruptcy to find however overmuch tin beryllium returned to creditors.

The interim fiscal update provides a glimpse into the existent authorities of FTX Group and gives a snapshot of what the aboriginal whitethorn clasp for each those affected by the bankruptcy — lawsuit and creditor alike.

FTX creditors

FTX revealed its implicit list of creditors connected Jan. 25 — withholding names of astir 9.6 cardinal users successful accordance with a tribunal order.

These creditors included notable crypto firms, U.S. and planetary authorities agencies, banks, concern firms and hospitality companies.

Among the creditors, notable crypto firms — having filed for bankruptcy themselves — including BlockFi, Genesis Global and Voyager Digital were besides listed.

The station FTX Group interim fiscal update contradicts tribunal filing, shows speech had $1.43B successful cash appeared archetypal connected CryptoSlate.