Representations of cryptocurrencies seen in front of a displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. Photo: Reuters
Representations of cryptocurrencies seen in front of a displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. Photo: Reuters

FTX’s balance sheet shows few liquid assets, leaving users with dim outlook for recovery

  • A breakdown of FTX’s balance sheet shows it had nearly US$9 billion in liabilities and just US$900 million in liquid assets ahead of its bankruptcy filing
  • Most of FTX’s biggest holdings are of lower-profile cryptocurrencies like Serum and Solana that have plunged in value

Representations of cryptocurrencies seen in front of a displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. Photo: Reuters
Representations of cryptocurrencies seen in front of a displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. Photo: Reuters
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