$93 million in XRP owed by FTX to customers, here's why funds return looks doubtful ripplesec ripplexrp xrp xrparmy xrpcommunity ripple xrpsec sec xrpl xrpledger ripplex xrpthestandart $xrp
investors, FTX, which was declared insolvent in November 2022, owes about $8.7 billion in various other assets. The largest portion of this is in cash, $6.4 billion, and in Bitcoin, $1.6 billion. The biggest reaction from the crypto community has been over the latter, given that FTX only has $1 million worth of BTC on its balance sheet.
It is unclear how the repayment process will work for clients and whether XRP in particular will be refunded. Nevertheless, it may be recalled that announced earlier in late February that it had begun returning funds to customers after a freeze of several months. The Japanese exchange then had 71.8 million XRP on its balance sheet, the equivalent of about $27 million.
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