• FTX’s total assets have been disclosed in a new court filing including roughly $5B of transactions under review.
• The total value of all assets recovered by FTX Debtors came to $5.5 billion, including cash, crypto, and illiquid securities.
• The largest holding of illiquid tokens was Serum (SRM), with a value of $1.9 billion, followed by SOLETH and MAPS at $561 million and $521 million respectively.
FTX.com, the cryptocurrency trading platform, recently had its total assets disclosed in a new court filing. The filing revealed that FTX had a total of $5 billion in transactions under review. All of the assets recovered by FTX Debtors came to a total of $5.5 billion, including cash, crypto, and illiquid securities.
The largest holding of illiquid tokens was Serum (SRM), with a value of $1.9 billion. This was followed by SOLETH and MAPS, which held $561 million and $521 million respectively. It is worth noting that FTX held 15% of the total market cap of the MAPS project, which means offloading the MAPS tokens would severely affect the price of the token.
Additionally, roughly $1.9 billion in crypto was attributed to Alameda between hot wallets and BitGo custody. On top of that, $181 million was recovered from FTX US tied to BitGo custody accounts, as well as the $90 million that was ‚hacked‘ by an insider alleged to be SBF. SBF has since denied this accusation in Twitter Spaces prior to his arrest.
Overall, the court filing has provided insight into the financial standing of FTX. This helps to provide a sense of security to the stakeholders and customers of the platform, as it shows the platform is capable of recovering from the issues it has faced. As FTX continues to expand, more information about its financial standing will likely be revealed in the near future.