According to the statement made by the new managers of the cryptocurrency exchange FTX, the total value of the assets of the company exceeds $ 1 billion.
The new executives who took over FTX after Sam Bankman-Fried left the company worth over $1 billion They declared existence.
However, FTX does not own these assets for a variety of reasons. can’t access. $720 million cash from FTXare held in US financial institutions that have blocked the company’s accounts as a result of the instructions of the US Department of the Treasury.
Again, in various institutions in the USA, about FTX’s 500 million dollars worth of assets.
Mary Cilia, FTX’s new chief financial officer, said in her statements as part of the bankruptcy process:
“We are contacting all these banks and changing the signatories in the accounts in order to gain access to these accounts and transfer the funds here to other authorized institutions.”
According to Cilia’s statements, the company About $130 million in cash, which is also blocked in Japan exists.
Cilia covers $6 million of the total money for employee expenses etc. He said that the majority of the remaining $423 million is held at a broker in the USA. However, this broker did not share his name.
The company is also at an authorized depository institution. 485 million dollars holding.
According to the statements made by Steve Coverick, one of the directors of Alvarez & Marsal, which provides financial consultancy services to FTX, FTX also owns the company. to detect crypto assets and using service providers like Bitgo to transfer these assets to cold wallets.