About $751 million of that is held in debtor entities and the rest, $488 million, is in non-debtor entities, according to the document, filed on Monday by FTX’s proposed financial advisor, Alvarez & Marsal North America. About $514 million is unrestricted cash, $260 million is custodial and $465 million is restricted cash, which is earmarked for specific purposes like loan repayments and can’t be use for general business purposes.
Related posts
-
Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
XRP Price Holds Strong, Aiming for More Upside Moves
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious... -
Lido Co-Founders Said to Plot Competitor to Sam Altman's World Network
The new digital identity platform, Y, forgoes World Network’s controversial biometric authentication for a system based...