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

The debtors successful FTX’s bankruptcy lawsuit hreported the assorted institution silos had much than $4 cardinal successful scheduled assets arsenic of November 2022, but said they were inactive 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 presumption to the committee of unsecured creditors connected its Statement of Financial Affairs, oregon SOFAs, which besides elaborate the scheduled assets and claims of the company. According to the filing, the West Realm Shires silo — which includes FTX US and Ledger X — FTX.com, Alameda Research, and FTX Ventures had astir $4.8 cardinal successful scheduled assets and $11.6 cardinal successful scheduled claims.

FTX Debtors marque disposable summary presumption of the filed Schedules and SOFAs: https://t.co/Lr8PqxTHBt

The information was based connected petitioning financials from the 4 silos successful November 2022. According to the report, Alameda held the bulk of the scheduled assets astatine astir $2.6 billion, but ​​had “potentially worldly claims that person been filed arsenic undetermined”. FTX.com had much than $11.2 cardinal successful scheduled claims, but claims from FTX Ventures were undetermined.

Much of the information surrounding cryptocurrency holdings oregon transactions successful the debtors’ study was not available. The presumption reported $25 cardinal successful donations — governmental and different — from 3 of the silos, but added “limited information” was disposable connected crypto donations.

Of the crypto-collateralized loans — mostly successful FTT tokens — made by the FTX companies, debtors reported much than 53 cardinal tokens including Bitcoin (BTC), Ether (ETH), XRP, and USD Coin (USDC). However, they said “additional tracing of wallet and blockchain enactment remains an ongoing matter”.

An probe into crypto transactions arsenic portion of payments to FTX institution insiders was besides reported to beryllium “ongoing”. Former CEO Sam Bankman-Fried received much than $2.2 cardinal of the payments. 

Related: FTX influencers look $1B class-action suit implicit alleged crypto fraud promotion

FTX’s bankruptcy lawsuit has been ongoing since the steadfast filed for Chapter 11 protection successful November 2022. In addition, Bankman-Fried faces some transgression and civilian cases for his engagement successful alleged fraudulent activities astatine the company.