FTX releases its most up-to-date asset report at the finish of August 2023

The FTX exchange mentioned it has recovered $seven billion in assets, of which $three.34 billion is big cryptocurrencies.

FTX publishes its most up-to-date asset report at the finish of August 2023. Photo: Financial Times

According to paperwork filed Sept. eleven in U.S. Bankruptcy Court, the unit that took more than FTX supplied the most up-to-date numbers on the sum of assets reinstated.

Specifically, as of August 31, 2023, FTX is in hand $three.four billion in cryptocurrencies form a (defined as possessing substantial liquidity). These cryptocurrencies include things like:

• $one.one billion Solana (SOL)
• $560 million well worth of Bitcoin (BTC)
• $192 million Ethereum (ETH)
• $137 million Aptos (APT)
• $120 Million Tether (USDT)
• $119 million XRP (XRP)
• $49 million BitDAO (BIT).
• $46 million Stargate (STG).
• $41 Million Wrapped Bitcoin (WBTC)
• $37 Million Wrapped Ethereum (WETH)

Highly liquid tokens held by FTX as of August 31, 2023

Besides, it can be shut $900 million in Class B cryptocurrency tokens (defined as illiquid), with several names belonging to the “Sam coin” group this kind of as Serum (SRM), Maps.me (MAPS), Oxygen (OXY), Bonfida (FIDA), …

Illiquid tokens held by FTX as of August 31, 2023

As reported by Coinlive, the successor unit to the FTX exchange ideas to promote the aforementioned extremely liquid crypto assets to apply a refund program for customers, with a product sales worth of $a hundred-200 million per week. However, this program will have to be authorized by the court in the course of the September 13 trial, and it is not specific that it can be completely offered as in Solana’s situation when FTX’s SOL assets are frozen and opened progressively from now till 2027-2028.

Other firms managed by FTX at this time include things like: $two.five billion in money $529 million in stock Grayscale’s GBTC and GETH $four.five billion from 438 investments plus money, tasks and tokens $222 million in authentic estate in the Bahamas (but the estimated marketplace worth is only $199 million).

Shares held by FTX as of August 31, 2023

FTX Investment Portfolio as of August 31, 2023

FTX authentic estate portfolio as of August 31, 2023

In complete, the sum of assets presented to the court by the FTX detection unit at the finish of August 2023 is somewhere around seven billion bucks.

The successor unit to FTX also up to date the progress of the exchange’s reboot program, dubbed “FTX 2.0.” As a consequence, because May, FTX started contacting much more than 75 events to take into account obtaining/merging with FTX and resuming operations. Some events have sent proposals to the floor and are getting evaluated and then submitted to the court for approval. The deadline to apply for FTX two. will be September 24. If a new organization is picked to get more than FTX, the exchange could resume operations as early as the 2nd quarter of 2024.

As of Aug. 24, 36,075 FTX shoppers have filed home injury claims, with a declare worth of $sixteen billion. Of which FTX has planned a refund of $ten.9 billion, but up to 72% of customers even now do not agree with this kind of arranging.

Customer claims statistics for FTX as of August 24, 2023

At the starting of July the Floor opened the asset declaration portal for aggrieved shoppers and set a deadline of the finish of September to total this approach. FTX also did not mention something about the latest protection incident with spouse Kroll, which leaked information and individual details of a huge quantity of shoppers.

Furthermore, several organizations have asked FTX to return a sum of up to $65 billion.

The listing of organizations also asks FTX for cash

The cryptocurrency marketplace is reacting negatively on the evening of September eleven, with charges of BTC, ETH and SOL falling to their lowest amounts because June 2023.

1h chart of the BTC/USDT pair on Binance at ten.35pm on September eleven, 2023