The Monetary Occasions has seen a replica of an FTX steadiness sheet dated to Thursday, November 10, which reveals the bankrupt crypto exchange had solely $900mn of belongings it might simply promote, regardless of having $9bn of liabilities. Right here’s the story:
The doc, shared with potential buyers earlier than the chapter, supplies an in depth image of the monetary gap within the FTX crypto empire and suggests clients of FTX worldwide could face steep losses on money and crypto belongings they held on the alternate.
Do read the full report. And after that, have a browse of the supply doc. (H/T Antoine Gara et al.)
Metadata on the Excel file suggests it was created by Sam Bankman-Fried himself. It appears cheap due to this fact to imagine that the casual feedback are his.
Additionally notice the headline disclaimer:
Notice: all of those are tough values, and might be barely off; there’s additionally clearly an opportunity of typos and many others. In addition they change a bit over time as trades occur.
Tell us within the feedback for those who spot something attention-grabbing. The “$2.2bn” of the obscure, practically nugatory Serum token is an apparent spotlight, although we’d additionally wish to know extra about these illiquid investments together with “TWTR” and “TRUMPLOSE”.
Anybody with info to share can use the FT’s secure contact methods.
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