There are billions of dollars worth of illiquid and obscure tokens on the FTX balance sheet that could be dumped on the market.
He highlighted TRUMPLOSE as an"Easter egg" which ties in with FTX and Alameda supporting Democrat politicians with large donations. TRUMPLOSE is a prediction token that FTX used during the U.S. presidential election. Traders could purchase TRUMPWIN or TRUMPLOSE tokens that would resolve to $1 should Trump have won or lost. FTX holds almost 14 million of them.
BEAR Coin is a cryptocurrency designed to help animals by decentralized fundraising in cooperation with NGOs and animal lovers. There are 190 billion of them on the FTX balance sheet. It also has 8.3 million tokens from the bandwidth-sharing network, Media. The list goes on with 9.8 billion MAPS tokens from the Maps.me travel app, and almost 10 billion OXY tokens for the Solana-based DeFi broker Oxygen.Other illiquid assets include 2.4 billion Alium Finance , and more than 277 million in Bonafida , a Solana developer platform. The list also included BRZ, GT, LIKE, HRXO, MSOL, JSOL, XSUSHI, AELPH, and JET holdings.
“FTX US was solvent when it was turned over to S&C [Sullivan & Cromwell], and almost certainly remains solvent today,” he stated.
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