Current FTX asset breakdown shows $3.5 billion in crypto, $250 million in real estate

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Recently released court findings revealed that FTX.com had $1.6 billion in crypto assets at the time of the bankruptcy filing.

However, the total value of all assets recovered by FTX debtors amounted to $5.5 billion, including cash, cryptos and illiquid securities.

Source: FTX file

While $5.5 billion in total assets were recovered with only $1.6 billion tied to FTX.com, a shortfall was declared by investigators. Additionally, around $1.9 billion worth of crypto has been allocated to Alameda between hot wallets and BitGo custody.

A further $181 million was recovered from FTX US linked to BitGo custodial accounts alongside the $90 million that was “hacked” by an insider believed to be SBF. SBF denied this accusation in Twitter Spaces before his arrest.

A slide from the game revealed all of the crypto assets held by FTX that were deemed “illiquid”. The largest wallet of these tokens was Serum (SRM), with a value of $1.9 billion. The other largest holdings were SOLETH and MAPS with $561 million and $521 million, respectively.

Source: FTX file

Although these holdings were deemed “illiquid” by investigators, several tokens have active trading volumes. However, with $521 million in MAPS tokens, FTX held 15% of the project’s total market capitalization. Therefore, offloading MAPS tokens would have a large impact on the market value of MAPS.

In the slide below, investigators further disclosed a list of real estate properties owned by FTX. Additionally, 36 properties across the Bahamas were acquired using FTX funds for a total value of $253 million.

Source: FTX file

The properties ranged from an exclusive penthouse to villas worth up to $12.9 million. As detailed throughout the investigation, many of these properties would have been personal premises.

The document also confirmed that several transactions are currently “under review”, including $93 million in political donations, the $2.1 billion payment to Binance for FTT tokens, $2 billion in loan ‘insiders, $446 million in transfers to Voyager, a $400 million investment from Modulo Capital, and a large number of Robinhood shares.

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