FTX’s Total Cash Balance Is $1.24 Billion

A bankruptcy filing by FTX Group shows that it is left with a combined cash balance of $1.24 billion.

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Trading firm Alameda Research and its affiliates reportedly had a nearly $401 million cash balance.

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The breakdown showed, FTX Japan had a cash balance of $171.7 million.

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According to the filing, the latest balance sheet dated November 20th "shows a significantly higher cash balance than the debtor was able to demonstrate on November 16th."

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On November 11, FTX and its affiliates filed for bankruptcy after SBF resigned from his CEO position.

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FTX crash has lost billions of dollars and affected 1 million customers and other investors.

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FTX owes nearly $3.1 billion to its top 50 creditors.

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