The company has about $11.6 billion in debt against $4.8 billion in assets, according to a report filed by its advisers.
Sam Bankman Fried’s crypto empire had a $6.8 billion deficit on its balance sheet when it filed for bankruptcy last November, according to a bankruptcy court filing Friday. This includes a loss of $10.6 billion in the core business FTX.com and $87 million in FTX.US. Investing sister company Alameda Research has net assets of $2.6 billion, while FTX Ventures has net assets of $1.3 billion. In total, the company has about $11.6 billion in debt, mostly in consumer goods, against $4.8 billion in assets.