Former FTX chief reveals financials: $8.8 billion in debt, $7.9 billion liquidity gap
2022/11/11 15:23
Former FTX head of institutional sales Zane Tackett has spoken out for the first time since being fired, saying that I obviously have a say in the matter, but would be interested to hear what others think, and that FTX currently has two options: A) Bankruptcy; B) Token, and disclosing the financial data he has seen: Liabilities (user assets): $8.8 billion, Liquid assets (USD/JPY/DAI): $900 million, illiquid assets (GBTC/ETHE/SOL): US$2,037 million, temporarily illiquid assets (LTI): US$3,200 million, liquidity gap: US$7,900 million, illiquidity gap: US$2,660 million. In addition, Zane Tackett said that I have spoken to a number of our larger clients over the past few days who have expressed interest in exploring a Token model to address the shortfall and have indicated that it is favoured over any insolvency process.
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