Analysis of FTX’s Balance Sheet 

The cryptocurrency market experienced rapid growth and expansion in recent years, with numerous exchanges facilitating buying and selling activities of digital assets. FTX was one of the most prominent crypto exchanges showcasing a meteoric rise in the last bull market. Their Q3’22 Ch.11 bankruptcy filing marked their miserable fall from grace. The collapse of the FTX empire was unarguably one of the harshest blows to the digital asset industry. To date, FTX’s liabilities reflect a $12.5 billion balance.

In January, FTX’s debtors presented preliminary balances and recovery efforts to the Official Committee of Creditors (OCC). In March, they released a follow-up, providing a breakdown of FTX’s assets and where they are looking for potential recoveries that could be returned to debtors.