FTX debtors report $11.6 billion in claims and $4.8 billion in property

• Debtors reported that FTX silos held $4 billion in scheduled property and $11.6 billion in scheduled claims as of Nov 2022.
• The presentation confirmed $25 million in donations, together with political donations.

FTX debtors have reported that a number of firm silos held over $4 billion in scheduled property as of November 2022. They declare that they had been nonetheless trying into the agency’s crypto holdings.

As a part of a submitting with the U.S. Chapter Court docket for the District of Delaware on Friday, debtors submitted a presentation to the committee of unsecured collectors.

The presentation was on the corporate’s assertion of monetary affairs, which additionally detailed its scheduled property and claims.

The West Realm Shires silo, which incorporates FTX US and Ledger X, FTX.com, Alameda Analysis, and FTX Ventures, had round $4.8 billion in scheduled property and $11.6 billion in scheduled claims, in keeping with the submitting.

Alameda Analysis held about $2.6 billion in scheduled property however had “doubtlessly materials claims which were filed as undetermined.”  FTX.com held greater than $11.2 billion in scheduled claims, however FTX Ventures’ claims remained undetermined.

The presentation confirmed $25 million in donations from three of those silos however added that “restricted info” was out there on crypto donations.

Debtors have reported greater than 53 million tokens, together with Bitcoin, Ethereum, and XRP as collateral for crypto-collateralized loans. Effectively, the bulk a part of the tokens included the FTX token.

In response to the debtors, “further tracing of pockets and blockchain exercise stays an ongoing matter.”

3.2 billion paid to high-level execs, together with $2.2 billion to SBF

As per a earlier courtroom submitting, roughly $3.2 billion was sourced from Alameda Analysis’s funds and paid to high-level executives.

Sam Bankman-Fried “SBF” acquired $2.2 billion of the overall $3.2 billion, adopted by $587 million to former director of engineering Nishad Singh and $247 million to co-founder Gary Wang.

Former FTX Digital Markets co-CEO Ryan Salame acquired $87 million whereas former Alameda co-CEO John Samuel Trabucco acquired $25 million. Former Alameda CEO Caroline Ellison acquired $6 million.

FTX’s chapter case has been underway since November 2022, when it filed for Chapter 11 safety. Moreover, SBF is dealing with each prison and civil costs for his involvement in allegedly fraudulent actions on the firm.