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Sam Bankman-Fried’s Crumbling FTX Empire Holds $1.2B Money Reserves

by SB Crypto Guru News
November 22, 2022
in Bitcoin
Reading Time: 1 min read
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About $751 million of that’s held in debtor entities and the remaining, $488 million, is in non-debtor entities, in accordance with the doc, filed on Monday by FTX’s proposed monetary advisor, Alvarez & Marsal North America. About $514 million is unrestricted money, $260 million is custodial and $465 million is restricted money, which is earmarked for particular functions like mortgage repayments and cannot be use for normal enterprise functions.



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Tags: 1.2BBankmanFriedsBitcoin NewsCashCrumblingCrypto NewsCrypto UpdatesEmpireFTXHoldsLatest News on CryptoReservesSamSB Crypto Guru News
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