- Receivables reported that FTX silos had $4 billion in scheduled assets and $11.6 billion in scheduled receivables as of November 2022.
- The show featured $25 million in donations, including political donations.
FTX Debtors reported that several corporate silos have more than $4 billion in assets planned as of November 2022. They claim they are still searching for the company’s crypto holdings.
As part of a filing with the US Bankruptcy Court for the District of Delaware on Friday, the debtors filed a presentation with the Unsecured Creditors Committee.
The presentation was on the company’s report on finances, which also outlined expected assets and liabilities.
The West Realm Shires silo, which includes FTX US, Ledger X, FTX.com, Alameda Research and FTX Ventures, has about $4.8 billion in planned assets and $11.6 billion in planned damages, according to the filing.
Alameda Research had about $2.6 billion in assets planned but had “potential material claims that were presented as unspecified.” FTX.com had more than $11.2 billion in claims scheduled, but FTX Ventures’ claims remained unsettled.
The presentation showed $25 million in donations from three of these silos, but added that “limited information” was available on the crypto donations.
Debtors reported more than 53 million tokens, including Bitcoin, Ethereum, and XRP, as collateral for crypto-backed loans. Well, the majority of the tokens included the FTX token.
According to Debtor, “additional tracking of wallet and blockchain activity remains an ongoing issue.”
$3.2 billion paid to high-ranking executives, including $2.2 billion to the SBF
According to an earlier court filing, about $3.2 billion of Alameda Research funds were taken and paid to senior executives.
Sam Bankman-Fried “SBF” received $2.2 billion of the $3.2 billion total, followed by $587 million for former engineering chief Nishad Singh and $247 million for co-founder Gary Wang.
Former co-CEO of FTX Digital Markets Ryan Salameh received $87 million and former co-CEO of Alameda John Samuel Trabuco received $25 million. Caroline Ellison, former CEO of Alameda, earned $6 million.
The FTX bankruptcy case has been ongoing since November 2022, when it filed for Chapter 11 protection. Furthermore, SBF is facing criminal and civil charges for his involvement in alleged fraudulent activities at the company.