A presentation for a shareholders’ meeting of the bankrupt cryptocurrency exchange FTX shows progress is being made toward settling the company’s complex financial issues.
FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement.
The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed against it, including those from Genesis, Celsius and Voyager. The claims are worth $65 billion, although those from FTX Digital Markets are “assumed to be invalid/redundant” and the Internal Revenue Service’s claim – the largest at $43.
FTX assets including digital assets, cash, brokerage investments, its venture portfolio, tokens and real estate top $7 billion. FTX owns 38 properties in the Bahamas worth $222 million at book value.
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