FTX’s Lack of Balance Sheet

All may not be lost for FTX customers, and they may be able to recover 40% to 50% of their deposits. Sifting through FTX’s balance sheet, as shared by the Financial Times, shows that FTX may have up to $4 billion in realizable assets against $8 billion in customer deposits. Some broad assumptions must be made to calculate the realizable value of FTX’s assets.

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