Sam Bankman Fried’s crypto empire had a $6.8 billion hole in its balance sheet when it filed for bankruptcy last November, according to a presentation filed to the bankruptcy court on Friday. By NelWang
. Sister trading firm Alameda Research had net assets of $2.6 billion, while FTX Ventures had net assets of $1.3 billion.
In total, the group of companies had debts of about $11.6 billion, the majority of that in customer claims, against $4.8 billion in assets.Bloomberg earlier reported on the presentation.
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