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FTX.com Assets Report: A Serious Shortage

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It is reported that according to a document submitted by FTX bankruptcy lawyer, there is a \”serious shortage\” of FTX.com assets. According to the latest price …

FTX.com Assets Report: A Serious Shortage

It is reported that according to a document submitted by FTX bankruptcy lawyer, there is a “serious shortage” of FTX.com assets. According to the latest price calculation, the total assets of US $2.2 billion have been determined in the wallet of FTX.com related accounts, of which only US $694 million belongs to the most liquid “Class A assets”, including legal currency, stable currency, bitcoin and ether currency. All tokens belonging to Class A assets in FTX have deficits. Other assets include $385 million in customer accounts receivable and major claims against FTX affiliate Alameda Research and related parties. Alameda borrowed $9.3 billion from FTX.com wallets and accounts. At the same time, the customer accounts payable determined by the FTX team was $7 billion. In addition, FTX US also showed an asset gap. The total assets in the account wallets related to the exchange were $191 million, the customer receivables were $28 million, and the related party receivables were $155 million.

Alameda borrowed $9.3 billion from FTX.com wallet and account

Interpretation of the news:


FTX.com, a popular cryptocurrency exchange platform, is reportedly facing a serious shortage of assets, as revealed by a document submitted by the company’s bankruptcy lawyer. The report states that the exchange’s total assets were calculated to be US $2.2 billion, but only US $694 million of these assets belonged to the most liquid “Class A assets”, including legal currency, stable currency, bitcoin, and ether currency. All tokens belonging to Class A assets in FTX are reported to have deficits.

Additionally, the report showed that FTX has other assets like $385 million in customer accounts receivable and major claims against its affiliate company, Alameda Research, and related parties. Shockingly, Alameda Research borrowed $9.3 billion from FTX.com wallets and accounts, while the customer accounts payable determined by the FTX team were $7 billion.

Furthermore, FTX US also has an asset deficit, where the total assets in the account wallets related to the exchange were $191 million, customer receivables were $28 million, and the related party receivables were $155 million.

This report underscores the dire financial state of FTX.com and highlights how difficult it may be to recover from this deficit. Customers who trusted their investments in FTX and Alameda Research have been left vulnerable, impacted by the lack of non-liquid investments and the failure of these third-party companies to repay their debts.

The shortage of assets in FTX.com is a significant setback to the cryptocurrency industry as a whole, shaking the foundation of trust between exchanges and their clients. Furthermore, it highlights the crucial need for exchanges to be transparent in their dealings and to put in place systems for the protection of customer funds.

In conclusion, FTX.com’s asset deficit report highlights the need for vigilance and caution in investing in cryptocurrency exchanges as it reinforces the risk of becoming a victim of crypto scams. The industry should implement proper regulations and standards to ensure the security and growth of the market.

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