Bankrupt FTX's marshalled assets total $7 billion with a large chunk, about $1.2 billion, parked in SOL tokens, according to a court filing.
The filing, prepared for a creditor meeting on Sept. 11, also lists FTX as the owner of 38 properties in the Bahamas appraised at $199 million. The company had been based in the Bahamas while being incorporated in Antigua and Barbuda.
The nearly $1.2 billion of SOL is FTX's largest digital asset holding, and what becomes of the massive stake has been the source of much speculation. Of FTX's $3.4 billion in token holdings, it also possesses $560 million in bitcoin and $192 million in ether, the filing shows.The filing showed that 50"insiders" including former CEO Sam Bankman-Fried and Caroline Ellison received a mix of cash, crypto, equity and real estate worth $2.2 billion.
The former billionaire is facing as much as 100 years in prison if he is convicted on a slew of charges, including allegations that he and other FTX executives used billions of customer assets to make their own failed investments.The prospect of FTX resuming business somehow via a reboot is still a possibility, according to the filing. After debtors began"marketing" the idea in May, 75 bidders have been contacted, the filing said.
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