Sam Bankman-Fried’s Crumbling FTX Empire Holds .2B Money Reserves

Sam Bankman-Fried’s Crumbling FTX Empire Holds $1.2B Money Reserves

by Jeremy

About $751 million of that’s held in debtor entities and the remainder, $488 million, is in non-debtor entities, in line with the doc, filed on Monday by FTX’s proposed monetary advisor, Alvarez & Marsal North America. About $514 million is unrestricted money, $260 million is custodial and $465 million is restricted money, which is earmarked for particular functions like mortgage repayments and cannot be use for normal enterprise functions.

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