Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion

Posted on AllSides November 22nd, 2022
From The Center
banking and finance, cryptocurrency, FTX
Avishek Das | Lightrocket | Getty Images

FTX’s vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court filing out late Monday.

The filing was penned by Alvarez & Marsal North America, which is advising FTX on restructuring efforts after the exchange filed for bankruptcy protection earlier this month.

Edgar Mosley, managing director at Alvarez & Marsal North America, said FTX and his team managed to trace “substantially higher cash balances” than they had initially been able to identify by Nov. 16.

The balances...

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