- The exchange disclosed the amounts of expenses and income
- These costs may shock investors
- However, the exchange is also actively returning assets
FTX introduced new report on equity. To date, they have spent $86 million on their activities. At the same time, $67 million of this amount has gone to the services of lawyers and liquidators.
The company indicated that it has $2 billion in cash and received $48 million from the sale of assets. However, the report is valid until the end of March. It does not take into account several recent transactions, including the sale of LedgerX for $50 million. The company completed this transaction at the end of April. The buyer is Miami International Holdings.
The new head of the crypto exchange, John Ray, emphasizes that the return of assets is not an easy task. But in the future, this amount may increase due to the coordinated work of lawyers and investigators.
“It took a huge effort to get this far. The exchanges’ assets were heavily mixed and their ledgers and records incomplete. In many cases, they did not exist at all.
For these reasons, it is important to note that balance sheet information is provisional and may change in the future.”
Note that over the weekend, the FBI raided the home of Ryan Salame, the ex-head of FTX. The businessman was a major contributor to the Republicans.
During the time of the new management, FTX has been able to recover quite a few assets. Moreover, the exchange does not exclude the option of restarting. Such a plan attracted a major investor, Tribe Capital.