FTX held less than $1 billion in liquid assets against $9 billion in liabilities

2022/11/12 23:49

Sam Bankman Fried’s main international FTX exchange held just $900 million in easily salable assets against $9 billion in liabilities the day before it collapsed into bankruptcy, according to investment materials seen by the Financial Times.
The bulk of those liquid assets on FTX’s international balance sheet dated Thursday were $470 million of Robinhood shares owned by Bankman-Fried that were not included in bankruptcy filing on Friday, which included 134 corporate entities.

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