- FTX only had $694 million in liquid assets and a massive net deficit of $8.6 billion.
- Alameda Research borrowed around $9.3 billion from customer accounts.
- John J. Ray III said books and records are incomplete or totally absent.
On Thursday, FTX released a public presentation showing that FTX had $2.2 billion in exchange wallets and fiat accounts. Only $694 million of these assets were in the most liquid "Category A Assets."
source: FTXFTX uncovered more assets than its less liquid "Category B Assets," which include its...