{"id":153816,"date":"2023-09-12T00:13:16","date_gmt":"2023-09-11T18:43:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=153816"},"modified":"2023-09-12T00:13:16","modified_gmt":"2023-09-11T18:43:16","slug":"ftx-holds-560000000-in-bitcoin-and-1162000000-in-solana-court-documents-reveal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftx-holds-560000000-in-bitcoin-and-1162000000-in-solana-court-documents-reveal-crypto-news\/","title":{"rendered":"FTX Holds $560,000,000 in Bitcoin and $1,162,000,000 in Solana, Court Documents Reveal – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Court documents reveal that the bankrupt crypto exchange FTX is still holding over $3 billion in assets as August 31.<\/p>\n

As\u00a0shared<\/a> on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was still holding almost $2 billion in Solana (SOL<\/a>), Bitcoin (BTC<\/a>), and Ethereum (ETH<\/a>) alone.<\/p>\n

\u201cAs of August 31, FTX held a total of US$3.4 billion in crypto assets, including:<\/em><\/p>\n

US$1.16 billion SOL<\/em><\/p>\n

$560 million BTC<\/em><\/p>\n

$192 million ETH<\/em><\/p>\n

$137 million APT (Aptos)<\/em><\/p>\n

$120 million USDT (Tether)<\/em><\/p>\n

$119 million XRP<\/em><\/p>\n

$49 million BIT (BitDAO)<\/em><\/p>\n

$46 million STG (Stargate Finance)<\/em><\/p>\n

$41 million WBTC (Wrapped Bitcoin)<\/em><\/p>\n

$37 million WETH (Wrapped Ethereum).\u201d<\/em><\/p>\n

Source: FTX\/Kroll<\/figcaption><\/figure>\n

According to Kroll Restructuring\u2019s documents<\/a>, the exchange has secured funds through the Chapter 11 process. The court records indicate that $2.6 billion of debtor and non-debtor cash has been confirmed to date.<\/p>\n

\u201cThe Debtors navigated the Q1 2023 financial banking turmoil and secured fiat from over 30 separate banking <\/em>institutions globally. Cash has been located and pooled within a Master account for purposes of safeguarding estate assets. Unrestricted cash has increased primarily due to venture investment monetization and stablecoin conversions.\u201d<\/em><\/p>\n

The documents also show that FTX holds more than $500 million worth of securities in its brokerage accounts. The securities investments include $70 million in the Grayscale Ethereum trust, $36 million in the BitWise 10 Crypto Index Fund, $6 million spread across other Grayscale funds, less than $1 million in BlackRock equity, and a massive $417 million in Grayscale\u2019s Bitcoin trust, which accounts for 79% of FTX\u2019s securities holdings.<\/p>\n

Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n

Check Latest News Headlines<\/span><\/a><\/p>\n

&nbsp<\/p>\n

<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/dani3315<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Court documents reveal that the bankrupt crypto exchange FTX is still holding over $3 billion in assets as August 31. As\u00a0shared on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was still holding almost $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone. \u201cAs of August […]<\/p>\n","protected":false},"author":2,"featured_media":47053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-153816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=153816"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153816\/revisions"}],"predecessor-version":[{"id":153818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153816\/revisions\/153818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/47053"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=153816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=153816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=153816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}