Failed crypto exchange FTX has recovered over $5B, attorney says (reuters.com) 6 points by ckastner 3y ago ↗ HN
[–] blitzar 3y ago ↗ $5 billion of cash, liquid cryptocurrency and liquid investment securities + nonstrategic investments that had a book value of $4.6 billion$9.6 billion of assets against $8 billion of customer deposits ... that would be quite the twist [–] brianwawok 3y ago ↗ Hah, who gets the leftover money in a bankruptcy when your assets accidently exceed your liabilities? The original equity holders? [–] blitzar 3y ago ↗ The original equity holder being mostly SBF
[–] brianwawok 3y ago ↗ Hah, who gets the leftover money in a bankruptcy when your assets accidently exceed your liabilities? The original equity holders? [–] blitzar 3y ago ↗ The original equity holder being mostly SBF
[–] sschueller 3y ago ↗ So could it turn out that FTX was actually not insolvent as assumed but had such poor accounting that they didn't have liquid what was needed and didn't know how much in assets they even own?
4 comments
[ 4.5 ms ] story [ 27.1 ms ] thread$9.6 billion of assets against $8 billion of customer deposits ... that would be quite the twist