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FTX Group Bankruptcy Filing Shows $1.24 Billion Cash Balance (1)

Nov. 22, 2022, 6:10 AM

An FTX Group bankruptcy filing showed that the fallen cryptocurrency exchange and a number of affiliates had a combined cash balance of $1.24 billion.

The document from Alvarez & Marsal North America LLC, the proposed financial adviser to FTX, said trading house Alameda Research and related firms had a cash balance of almost $401 million.

Among FTX exchange platforms, FTX Japan had a cash balance of $171.7 million, the breakdown showed.

The latest tally as of Nov. 20 “identifies substantially higher cash balances than the debtors were in a position to substantiate as of Wednesday, Nov. 16,” according to ...