FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets

14 Jan

By Becky Yerak | The Wall Street Journal | Jan 14, 2023 5:10 pm EST

Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional holdings with a book value of more than $4.6 billion.

Those assets are valued as of FTX’s bankruptcy filing in November and don’t include $425 million held by authorities in the Bahamas, company lawyers said on Wednesday in the U.S. Bankruptcy Court in Wilmington, Del.

FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets

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