FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders – Bitcoin News

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

Advisers concluded that when FTX filed for bankruptcy, the more than 100 companies under its umbrella had a $6.8 billion gap in their balance sheet. Approximately $4.8 billion of this amount is against a colossal $11.6 billion, according to the presentation. FTX US had a shortfall of about $87 million, despite Bankman Fried’s repeated claims that the U.S. subsidiary was solvent.

Forty-nine companies are ghost towns, identified as “dormant” because they have no historical payments or financial information. Advisers say nine FTX entities provided their payment records directly, and 12 FTX entities in Europe and Asia did the same. About 30 of the FTX entities used Quickbooks to keep operational books and records.

0x6Ad4642a06cc5362cF1B34405B5D49ddE027ce1e

0x6Ad4642a06cc5362cF1B34405B5D49ddE027ce1e

What?

Can't believe it's been a year since we met her!!

Clearly stolen funds from clients

oh

Money laundering?

bullish or bearish?

When the lawsuits are over there will be very little left to give back to customers. The insolvency managers and lawyers will take everything.

Brilliant, but using ChiefraFba for signals and analysis

This is exactly why I only trust ChiefraFba for signals and analysis

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