Bankrupt Crypto Exchange FTX Has Cash Balance of Over $1 Billion

Bankrupt Crypto Exchange FTX Has Cash Balance of Over $1 Billion
Samuel Bankman-Fried, founder and former CEO of FTX, testifies on Capitol Hill in Washington, on Feb. 9, 2022. Saul Loeb/AFP via Getty Images
Naveen Athrappully
Updated:
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Bankrupt crypto exchange FTX has a cash balance in excess of $1 billion, according to a new filing by the company.

The latest tally “identifies substantially higher cash balances than the debtors were in a position to substantiate as of Wednesday, Nov. 16,” the filing states, according to Bloomberg. In total, FTX is reported to have $1.24 billion in cash balance. While $751 million of the cash balance is held in debtor entities, the remaining $488 million is with non-debtor entities.
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