A Closer Look at FTX’s Most Recent Bankruptcy Documents

A cursory look at just those two assets for FTX (which does not include FTX US) reveals something really beyond comprehension. The identified deficit between customer payables, which are customer balances, and total assets, which are assets the bankruptcy team has located plus the amount of customer balances owed to FTX, was $1.6 billion in bitcoin and $870 million in ether. Add on the shortfall in cash and stablecoins of $6.4 billion and you’re left with an utterly outstanding deficit.