Another $90 Million Found Missing From FTX US
FTX debtors have identified $5.5 billion of liquid assets associated with both FTX and FTX US – and a substantial portion of it has gone up in smoke. The latest update from the company states that $90 million in digital assets from the exchange “was subject to unauthorized third-party transfers post-petition.” FTX US Asset Shortfall FTX debtors unveiled details about its asset composition during a meeting with the Official Committee of Unsecured Creditors (UCC) of FTX on Tuesday. Its numbers indicate that the $5.5 billion identified is comprised of $1.7 billion in cash, $3.5 billion in crypto assets, and $0.3 billion of securities from both FTX and FTX US. KYC & Audit Solutions! SolidProof “The FTX Debtors also confirmed that, based on current estimates of the amount of digital assets associated with the FTX.com and FTX US exchanges as of the Petition Date, there is a substantial shortfall of digital assets at both exchanges,” stated the company’s news rele...