THE BALANCE SHEET: WHAT'S LEFT OF FTX

Summary from the TLDR Crypto newsletter

This post breaks down the value of what is left on FTX’s balance sheet a year after its dramatic implosion. Despite calls for liquid assets like BTC, ETH, and SOL to be returned to customers, systems in place require broad creditor distribution. Creditor claims total $81 billion, split between customer and non-customer claims. However, the total liability might be closer to $23.2 billion, accounting for disputes. Assets include liquid and illiquid digital tokens, real estate, and brokerage accounts, with the values in this report based on closing prices as of August 31, 2023.