Bitcoin
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$70,110.00 -0.87528
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$3,535.66 -0.84937
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BNB
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$617.02 5.87666
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$185.63 1.1134
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Bitcoin (BTC)
$70,110.00 -0.87528
Bitcoin price
Ethereum
Ethereum (ETH)
$3,535.66 -0.84937
Ethereum price
BNB
BNB (BNB)
$617.02 5.87666
BNB price
Solana
Solana (SOL)
$185.63 1.1134
Solana price
XRP
XRP (XRP)
$0.6281120 1.34818
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000306 -3.60027
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Pepe
Pepe (PEPE)
$0.0000078 -4.08673
Pepe price
Bonk
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$0.0000269 -1.02545
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Bitcoin
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$70,110.00 -0.87528
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Ethereum
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$3,535.66 -0.84937
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BNB
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$617.02 5.87666
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Solana
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$185.63 1.1134
Solana price
XRP
XRP (XRP)
$0.6281120 1.34818
XRP price
Shiba Inu
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$0.0000306 -3.60027
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Pepe
Pepe (PEPE)
$0.0000078 -4.08673
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Bonk
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$0.0000269 -1.02545
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Bitcoin
Bitcoin (BTC)
$70,110.00 -0.87528
Bitcoin price
Ethereum
Ethereum (ETH)
$3,535.66 -0.84937
Ethereum price
BNB
BNB (BNB)
$617.02 5.87666
BNB price
Solana
Solana (SOL)
$185.63 1.1134
Solana price
XRP
XRP (XRP)
$0.6281120 1.34818
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000306 -3.60027
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -4.08673
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -1.02545
Bonk price

FTX had a 6.8b hole when it filed for bankruptcy

ftx-had-a-6-8b-hole-when-it-filed-for-bankruptcy
Edited by
News
FTX had a 6.8b hole when it filed for bankruptcy

FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year.

According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S. 

Alameda Research, the trading wing of FTX, had $2.6b in net assets. Meanwhile, FTX Ventures reported $1.3b in losses.

FTX’s total assets and debts

According to a document submitted to the bankruptcy court on Mar. 17, FTX-affiliated businesses had assets worth $4.8b and cumulative liabilities of around $11.6b when they filed for bankruptcy in November; the bulk of which were customer claims.

There was a shortfall of around $87m in FTX U.S., which had assets worth $255m and debts of about $342m. Former FTX boss, Sam Bankman-Fried, has repeatedly stated that the U.S. exchange was stable.

At the time of the bankruptcy filing, the companies’ businesses collectively held nearly $900m in cash and other equivalents.

Most of their holdings were investments, comprising wagers on companies including tactical drone manufacturer Brinc Drones; artificial intelligence firm, Anthropic; and web3 company Mysten Labs. Combined, these investments are worth $3.5b.

According to the study, the numbers have yet to be audited and could, therefore, change.

Sam Bankman-Fried’s lawyers negotiate new bail terms

According to a trial update from yesterday, Sam’s lawyers and U.S. prosecutors are close to agreeing on new bail terms.

It is after U.S. District Judge Lewis Kaplan noted that Sam’s conversations with others would go beyond the limit of his $250m bail arrangement at a hearing on Mar. 10.

His lawyer, Christian Everdell, wrote in a letter handed on Mar. 17 to the federal court in Manhattan stating that both parties thought they were “close to a resolution” and expected to formally propose additional limits by next week.

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