FTX debtors released a statement regarding the asset recovery process, announcing that a total of approximately $5.5 billion of liquid assets have been identified, comprised of $1.7 billion of cash, $3.5 billion of crypto assets and $0.3 billion of securities.
The debtors also said that, based on current estimates of the amount of digital assets associated with the FTX.com and FTX US exchanges, there is a substantial shortfall of digital assets at both exchanges.
The debtors have identified approximately $1.6 billion of digital assets associated with FTX.com, $323 million of which was subject to unauthorized third-party transfers after the bankruptcy filing, $426 million of which was transferred to cold storage under the control of The Securities Commission of The Bahamas, $742 million of which is in cold storage under the control of the FTX debtors, and $121 million of which is pending transfer to cold storage under the control of the FTX debtors.
With respect to FTX US, the debtors have identified approximately $181 million of digital assets associated with it, $90 million of which was subject to unauthorized third-party transfers after the bankruptcy filing, $88 million of which is in cold storage under the control of the FTX debtors, and $3 million of which is pending transfer to cold storage under the control of the FTX debtors.
FTX
