Coin Gabbar Token

<ul><li>The liabilities on FTX&#39;s balance sheet total $9 billion.</li><li>SBF returns to Twitter with a mysterious tweet.</li><li>The FTX group tokens FTT, SOL, and SRM plummeted drastically.</li></ul><h2 id="header-0">After FTX declared bankruptcy last Friday (Nov 11), a lot has transpired. A significant reduction in FTX&#39;s crypto assets and unlawful withdrawals shows that customers have very little odds of recovering their funds.</h2>Following the bankruptcy filing with the US Securities and Exchange Commission, FTX&#39;s former CEO Sam Bankman-Fried disclosed the company&#39;s balance sheet to investors. The company has enormous liabilities of $9 billion and liquid assets of less than $900 million.As per sources acquainted with the matter, FTX has $5.5 billion in &#34;less liquid&#34; assets and $3.2 billion in &#34;illiquid&#34; assets. Some of the exchange&#39;s largest assets include cryptocurrencies such as Serum, Solana, and FTT, the value of which has plummeted since the <a href="https://www.coingabbar.com/en/crypto-blogs-details/dollar-million-outflowed-from-ftx-exchange-a-hack-or-an-insider-theft" rel="noopener noreferrer nofollow">FTX crisis</a> erupted.As if that wasn&#39;t enough, a blockchain analytics firm discovered $477 million in illicit withdrawals from FTX within 24 hours of its bankruptcy filings. As per rumours, FTX employees are responsible for the matter.FTX&#39;s balance sheet also shows a negative $8 billion fiat currency account that is &#34;hidden, inadequately internally designated.&#34; Furthermore, it shows $5 billion in withdrawals last Sunday, precisely as Binance announced the first withdrawal of its FTX tokens. The accompanying note states:“There are numerous things I wish I could do better, but the two most significant are the poorly labelled internal bank-related account and the magnitude of consumer withdrawals during a bank run.”One of the sources further stated that the balance sheet is erratic and not granular.FTX&#39;s Balance Sheet AssetsSerum tokens, or SRM, valued at $2.2 billion, are among the largest assets held by FTX. The serum is an FTX-built liquidity infrastructure hub that is used by market makers and lending procedures on Solana. The SRM price has dropped nearly 40% in the last four days. Developers are also attempting to separate the project in order to reduce their exposure to FTX.Solana was one of FTX&#39;s trading firm Alameda Research&#39;s other major holdings. The balance sheet indicates SOL holdings of $982 million. According to previous allegations, Alameda was selling Solana (SOL) in large amounts and using the money to acquire FTX to prevent its crash.FTX also holds $616 million in MAPS tokens, the price of which has dropped by 25% in the last two days. They also have $554 million in <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTT tokens</a>, which have dropped by more than 50% in the last two days. In addition, FTX holds $472 million in Robinhood Shares.What do you think will FTX users receive their funds safely? Share your views in the comment section below.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/bitcoin-price-analysis-cmp-dollar-bears-are-ready-to-drag-the-market-below-a-two-year-low" rel="noopener noreferrer nofollow">BITCOIN PRICE ANALYSIS CMP-$15,900 Bears are ready to drag the market below a two-year low</a>

As FTT, SOL, & SRM Prices Fall, FTX Users' Funds May Not Recover

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