FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion,…#ftx #chapter11 #jimmybuffett #amazonwebservices #stripe #meta #trulioo #spotify #americanexpress #alamedaresearch

Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news