Documents show financial hole in FTX crypto empire
New York/London | Sam Bankman-Fried’s main international FTX exchange held just $US900 million ($1.3 billion) in easily sellable assets against $US9 billion of liabilities the day before it collapsed into bankruptcy, according to investment materials seen by the Financial Times.
The largest portion of those liquid assets listed on an FTX international balance sheet, dated Thursday (Friday AEDT), was $US470 million of Robinhood shares owned by a Bankman-Fried vehicle not listed in the following day’s bankruptcy filing, which included 134 corporate entities.
Financial Times
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