[ad_1]
Courtroom paperwork reveal that the bankrupt crypto change FTX remains to be holding over $3 billion in belongings as August 31.
As shared on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was nonetheless holding nearly $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone.
“As of August 31, FTX held a complete of US$3.4 billion in crypto belongings, together with:
US$1.16 billion SOL
$560 million BTC
$192 million ETH
$137 million APT (Aptos)
$120 million USDT (Tether)
$119 million XRP
$49 million BIT (BitDAO)
$46 million STG (Stargate Finance)
$41 million WBTC (Wrapped Bitcoin)
$37 million WETH (Wrapped Ethereum).”
In keeping with Kroll Restructuring’s paperwork, the change has secured funds by way of the Chapter 11 course of. The court docket data point out that $2.6 billion of debtor and non-debtor money has been confirmed thus far.
“The Debtors navigated the Q1 2023 monetary banking turmoil and secured fiat from over 30 separate banking establishments globally. Money has been positioned and pooled inside a Grasp account for functions of safeguarding property belongings. Unrestricted money has elevated primarily as a consequence of enterprise funding monetization and stablecoin conversions.”
The paperwork additionally present that FTX holds greater than $500 million price of securities in its brokerage accounts. The securities investments embody $70 million within the Grayscale Ethereum belief, $36 million within the BitWise 10 Crypto Index Fund, $6 million unfold throughout different Grayscale funds, lower than $1 million in BlackRock fairness, and an enormous $417 million in Grayscale’s Bitcoin belief, which accounts for 79% of FTX’s securities holdings.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Worth Motion
Comply with us on Twitter, Fb and Telegram
Surf The Day by day Hodl Combine
Verify Newest Information Headlines
 
Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in internet online affiliate marketing.
Featured Picture: Shutterstock/dani3315
[ad_2]
Source link
