The estate of bankrupt crypto exchange FTX has approximately $7 billion in total assets marshalled, per court notice filed on Monday.

The figures provided in the stakeholder briefing details the assets marshalled by the debtors. These values are based on the latest available pricing and ongoing reconciliation of the debtors’ books and records.

In its recovery efforts, FTX identified and secured $1.1 billion in cash when it filed for bankruptcy last November. Post-bankruptcy filing, FTX secured an additional $1.5 billion in cash assets as well as $3.4 billion in crypto assets.

Furthermore, there was $500 million in brokerage assets, which were also secured and managed by FTX. In addition, there were assets in a category referred to as “Government Recovered Assets,” seized by the SDNY. This category encompassed both cash and public equity investments, amounting to $800 million.

Out of the $3.4 billion in crypto assets, the largest portions were approximately $1.16 billion in SOL, $560 million in BTC, and $192 million in ETH, making up the top three holdings among FTX’s top 10 crypto holdings.

As of August 31, FTX held a total of US$3.4 billion in crypto assets, including:US$1.16 billion SOL$560 million BTC$192 million ETH$137 million APT$120 million USDT$119 million XRP$49 million BIT$46 million STG$41 million WBTC $37 million WETH. Read more… pic.twitter.com/fJ7ntAiEdk

— Wu Blockchain (@WuBlockchain) September 11, 2023

The briefing also revealed $529 million in securities held in its brokerage accounts. This includes $417 million in Grayscale Bitcoin Trust, $70 million in Grayscale Ethereum Trust, $36 million in Bitwise 10 Crypto Index Fund and others.

As of FTX’s bankruptcy filing on Nov 11, its venture portfolio included 438 investments totaling approximately $4.5B in funded assets. This is not part of the $7 billion in assets marshalled. 

Prior to its downfall, FTX invested in prominent Web3 companies including Yuga Labs, and was a limited partner at Paradigm, Kraken Ventures and others. The company has also made equity investment in AI startup, Anthropic.

Additionally, the court notice also showed that FTX and Sam Bankman-Fried owned 38 properties in the Bahamas, appraised by the FTX Digital Markets JPLs via PwC at a range of $185 million to $214 million.

As of Aug 24, 36,075 customer claims have been filed, amounting to a total of $16 billion. Of this, FTX.com and FTX US have scheduled $10.9 billion in customer claims to date.

According to the court filing, a further 18% of claim holders, amounting to approximately $1.9 billion, have raised disputes regarding their scheduled claim amounts. Reconciliation efforts are currently underway to address these disputes.

Customers who dispute their scheduled claims have until September 29, 2023, known as the Customer Claims Bar Date, to file a proof of claim.

The court briefing also showed that the FTX estate has been in touch with over 75 potential buyers since May 2023 to explore the potential revival of the bankrupt cryptocurrency exchange.

The deadline for submitting bids for FTX 2.0, with the aim of relaunching either FTX.com or FTX US through acquisition, merger, recapitalization, or another transaction, is set for September 24.

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