FTX Outlines $7 Billion of Recovered Assets, From Bitcoin to Bahamas Property
The managers of FTX’s bankruptcy estate have laid out what they have managed to claw back from the wreckage.
The roughly $7 billion total is in line with an earlier report published in June, but a court filing late Monday gave extra detail to creditors. Some key assets recovered:
Some $3.4 billion of liquid, or what it calls Category A, cryptocurrencies. This total is mostly made up of major tokens, including more than $1.1 billion of solana and $560 million of bitcoin.
A 38-property Bahamas real-estate portfolio, valued at $199 million. Many properties are in Nassau’s luxurious Albany Marina development, where FTX founder Sam Bankman-Fried lived in a penthouse called the Orchid.
Roughly $2.6 billion of cash, plus brokerage assets, and assets seized by the U.S. government.