The Hole on the FTX Balance Sheet Remains Gaping
The Breakdown
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FTX US Shortfall - What Is It?
CEO John Jay Ray III painted a picture of just how much of a mess he has been staring at since he took over the exchange. FTX had a deficit in every token treated as a category A asset, which included every reasonably liquid token right down to Solana, Tron and Maddock. Each category B asset, the tokens with insufficient liquidity to realize that book value had a significant surplus. This mainly contained the so-called Sam coins like FTT, Maps and Serum.
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