The Financial Times said Bursa “FTX tradeSam Bankman-Fried’s (FTX Trading) held $900 million in liquid assets against $9 billion in liabilities the day before it filed for bankruptcy on Friday, the paper reported.
He said most of the registered assets are illiquid venture capital investments or tokens Cryptocurrency Not widely traded, according to the spreadsheet. The largest asset listed on Thursday was $2.2 billion of a cryptocurrency called Serum.
Bankman-Fried’s assets plummeted from $16 billion to zero within days
The Financial Times also reported, citing a person involved in the negotiations, that Bankman-Fried was also looking to sell $472 million in company stock.Robin Hood Markets(Robinhood Markets) at $9 a share as of Friday afternoon.
The filings also show that Bankman-Fried was seeking to raise between $6 billion and $10 billion, including the issuance of convertible preferred stock, at 10% interest to convert into FTX International common stock, between $12 billion and $15 billion.
What have we learned from the “Binance” and “FTX” disaster?
The spreadsheet also indicated that there were $5 billion in withdrawals and $8 billion in passive revenue last Sunday. Pinkman-Fried told the Financial Times he was connected to money given “by mistake” to his trading company, Alameda.
