- Debtors reported that the FTX silo had $4 billion in scheduled assets and $11.6 billion in scheduled claims as of November 2022.
- The presentation featured $25 million in donations, including political donations.
FTX Lenders reported that, as of November 2022, there are more than $4 billion in assets scheduled across multiple company silos. They claim they were still looking for the company’s cryptocurrencies.
as part of a Admission With the US Bankruptcy Court for the District of Delaware on Friday, the debtors made a presentation before the Committee of Unsecured Creditors.
The presentation dealt with the company’s statement of financial position, which also details its unscheduled assets and claims.
The West Realm Shire silo, which includes FTX US and LedgerX, FTX.com, Alameda Research and FTX Ventures, had approximately $4.8 billion in scheduled assets and $11.6 billion in scheduled claims, according to the filing.
Alameda Research had approximately $2.6 billion in scheduled assets, but “potentially significant claims were filed as unscheduled.” FTX.com had more than $11.2 billion in settled claims, but FTX Ventures’ claims remained unresolved.
The presentation showed $25 million in donations from three of these silos, but added that “limited information” was available on crypto donations.
Lenders have reported more than 53 million tokens, including bitcoin, ethereum, and XRP, as collateral for crypto-collateralized loans. Well, most of the tokens consisted of FTX tokens.
According to the lenders, “additional tracking of wallet and blockchain activity remains an unfinished business.”
$3.2 billion paid to high-level officials, including $2.2 billion to the SBF
according to the previous court AdmissionApproximately $3.2 billion of Alameda Research funds were received and paid to high-level officials.
Sam Bankman-Fried “SBF” raised $2.2bn out of a total of $3.2bn, followed by former engineering director Nishad Singh with $587m and co-founder Gary Wang with $247m.
Former FTX Digital Markets co-CEO Ryan Salame received $87 million, while former Alameda co-CEO John Samuel Trabuco received $25 million. Carolyn Ellison, former CEO of Alameda, was awarded $6 million.
FTX’s bankruptcy case has been ongoing since November 2022, when it filed for Chapter 11 protection. In addition, SBF faces criminal and civil charges for alleged involvement in fraudulent activity at the company.