Usa state Delaware business Assets FTX Court Bankruptcy Usa state Delaware

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings 'undetermined'

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The debtors in FTX’s bankruptcy case hreported the various company silos had more than $4 billion in scheduled assets as of November 2022, but said they were still investigating the firm's crypto holdings.In a March 17 filing with United States Bankruptcy Court for the District of Delaware, FTX debtors submitted a presentation to the committee of unsecured creditors on its Statement of Financial Affairs, or SOFAs, which also detailed the scheduled assets and claims of the company.

According to the filing, the West Realm Shires silo — which includes FTX US and Ledger X —, Alameda Research, and FTX Ventures had roughly $4.8 billion in scheduled assets and $11.6 billion in scheduled claims.FTX Debtors make available summary presentation of the filed Schedules and SOFAs: data was based on petitioning financials from the four silos in November 2022.

According to the report, Alameda held the majority of the scheduled assets at roughly $2.6 billion, but ​​had “potentially material claims that have been filed as undetermined”. had more than $11.2 billion in scheduled claims, but claims from FTX Ventures were undetermined.Much of the data surrounding cryptocurrency holdings or transactions in the debtors’ report was not available.

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