FTX’s bankruptcy case continues to uncover limited information on the company’s crypto holdings, according to a presentation submitted to the United States Bankruptcy Court for the District of Delaware. The report revealed that FTX had over $4 billion in scheduled assets and $11.6 billion in scheduled claims across its various silos, but much of the data surrounding cryptocurrency holdings or transactions was unavailable.
The report did mention $25 million in donations from three of the silos, but it did not provide any details about crypto donations. Debtors reported over 53 million tokens, including Bitcoin, Ether, XRP, and USD Coin, in crypto-collateralized loans made by FTX, but stated that additional tracing of wallet and blockchain activity remains an ongoing matter.
An investigation into crypto transactions as part of payments to FTX company insiders was also reported to be “ongoing.” The FTX bankruptcy case began in November 2022, and the former CEO, Sam Bankman-Fried, is facing both criminal and civil cases for his alleged involvement in fraudulent activities at the company.
