- Debtors reported that FTX silos held $4 billion in scheduled property and $11.6 billion in scheduled claims as of Nov 2022.
- The presentation confirmed $25 million in donations, together with political donations.
FTX debtors have reported that a number of firm silos held over $4 billion in scheduled property as of November 2022. They declare that they have been nonetheless wanting into the agency’s crypto holdings.
As a part of a filing with the U.S. Chapter Courtroom for the District of Delaware on Friday, debtors submitted a presentation to the committee of unsecured collectors.
The presentation was on the corporate’s assertion of monetary affairs, which additionally detailed its scheduled property and claims.
The West Realm Shires silo, which incorporates FTX US and Ledger X, FTX.com, Alameda Analysis, and FTX Ventures, had round $4.8 billion in scheduled property and $11.6 billion in scheduled claims, in accordance with the submitting.
Alameda Analysis held about $2.6 billion in scheduled property however had “probably materials claims which were filed as undetermined.” FTX.com held greater than $11.2 billion in scheduled claims, however FTX Ventures’ claims remained undetermined.
The presentation confirmed $25 million in donations from three of those silos however added that “restricted data” was out there on crypto donations.
Debtors have reported greater than 53 million tokens, together with Bitcoin, Ethereum, and XRP as collateral for crypto-collateralized loans. Nicely, the bulk a part of the tokens included the FTX token.
In accordance with the debtors, “extra tracing of pockets and blockchain exercise stays an ongoing matter.”
3.2 billion paid to high-level execs, together with $2.2 billion to SBF
As per a earlier courtroom filing, roughly $3.2 billion was sourced from Alameda Analysis’s funds and paid to high-level executives.
Sam Bankman-Fried “SBF” obtained $2.2 billion of the full $3.2 billion, adopted by $587 million to former director of engineering Nishad Singh and $247 million to co-founder Gary Wang.
Former FTX Digital Markets co-CEO Ryan Salame obtained $87 million whereas former Alameda co-CEO John Samuel Trabucco obtained $25 million. Former Alameda CEO Caroline Ellison obtained $6 million.
FTX’s chapter case has been underway since November 2022, when it filed for Chapter 11 safety. Moreover, SBF is dealing with each felony and civil fees for his involvement in allegedly fraudulent actions on the firm.