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FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

Published 06/26/2023, 04:32 PM
Updated 06/26/2023, 08:00 PM

FTX has recovered about $7 billion in liquid assets so far, and the search for additional assets is continuing, CEO John Ray said in the FTX Debtors’ second interim report, released June 26. The extensive commingling of funds complicates their efforts, however.

The FTX Debtors, made up of FTX and affiliates, currently estimate the amount of customer assets misappropriated at $8.7 billion. Most of that money, about $6.4 billion, was in fiat and stablecoins, which FTX did not differentiate between in its accounting.

Flow chart of funds at FTX prior to its collapse. Source: FTX

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