November 12, 2022, 7:30PM EST
• 2 min read

Analysis of FTX's Balance Sheet

Quick Take

  • Financial Times published a leaked FTX balance sheet dated Thursday, November 10, 2022 
  • ~$900mm liquid assets to ~$8,860mm liabilities, a ~9.85x dislocation contrary to disgraced former CEO Sam Bankman-Fried’s tweets earlier this week 
  • Pro forma liquid assets adjusted for Robinhood stake and Friday evening’s attack would reflect a sub 1 cent recovery, excluding less liquid and illiquid assets
  • Latest development in FTX”s ongoing fraud and subsequent bankruptcy investigation

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